As an Economy Grows

question 223

Multiple Choice

As an economy grows,

• A) its PPF shifts outward.
• B) it can eliminate scarcity.
• C) the opportunity cost of production will approach 0.
• D) the opportunity cost of production will increase.
• 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:

Force

In the context of organizational behavior, it signifies the power or influence exerted to accomplish a goal or mandate change.

External Adaptation

The process through which an organization or individual adjusts to changes in the external environment to survive and thrive.

Measurement

The process of quantifying variables or attributes through specific units or scales to assess or compare different entities.

Role Models

Individuals or entities admired for their ways of being or behaviors, serving as examples for others to emulate.