As an Economy Grows

question 124

Multiple Choice

As an economy grows,

• A)it can eliminate scarcity.
• B)the opportunity cost of production will increase.
• C)its PPF shifts outward.
• D)the opportunity cost of production will approach 0.
• E)its PPF does not shift;instead,the production point moves from inside the PPF to be closer to the PPF.

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Definitions:

External Attribution

The process of inferring that a person's behavior is due to situational factors, rather than personal traits.

Internal Characteristics

Traits or features that originate within an organism or object and are not influenced by external factors.

Hull

A psychologist known for his drive reduction theory, which suggests that motivation arises from biological needs that drive behavior to seek homeostasis.

Concept Learning

The process through which an individual learns to categorize objects, ideas, or situations into conceptual frameworks.