-Assume That Our National Economy Is Operating at a Point

question 108

Multiple Choice

-Assume that our national economy is operating at a point on its bowed-out production possibilities curve. According to the production possibilities schedule in Table 1.4, if our nation produces more consumer goods (good A) , then

• A) it must sacrifice larger and larger amounts of investment goods (good B) to do so.
• B) the value of investment goods that must be forgone decreases.
• C) the resources transferred will be increasingly efficient in producing those consumer goods.
• D) it must have a comparative advantage in the production of consumer goods (good A).
• E) we will experience a greater rate of economic growth.

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Definitions:

Genetic Markers

Specific sequences of DNA used to identify a particular location on a chromosome, often associated with a particular gene or trait.

Paternal Influences

Refers to the impact that fathers or father figures have on the development and behavior of their children.

Inherited Genetics

The process by which genes and traits are passed down from parents to their offspring.

Prenatal Environment

The physical, biological, and chemical factors that affect a fetus during pregnancy.