A Reason the Production Possibilities Frontier Exists Is

question 51

Multiple Choice

A reason the production possibilities frontier exists is

• A) unlimited resources and technology.
• B) scarcity of resources.
• C) scarcity of resources and unlimited technology.
• D) unemployment.
• E) that people's wants are unlimited.

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Definitions:

Scientific Management

A theory in management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.

Worker Productivity

The measure of the efficiency of a worker or group of workers in converting inputs into useful outputs.

Telomeres

The area at the tips of each chromosome that is reduced to a tiny amount as time passes. By the end of life, the telomeres are very short.

Chromosomes

Long, stringy formations found within the cell nucleus of both animals and plants, composed of proteins and a solitary DNA molecule, responsible for bearing genetic data.