Which of the Following Is NOT an Assumption That Economists

question 36

Multiple Choice

Which of the following is NOT an assumption that economists make when developing a production possibilities frontier (PPF) ?

• A) We live in a world with only two goods.
• B) There are no increases in technology.
• C) There is no change in available resources.
• D) Society will always be producing somewhere on the PPF.
• E) There are no decreases in technology.

Understand the financial impact of the Great Recession of 2007-2008 on social security funds.

Analyze the dynamics between social security fund collections and distributions.

Understand the basic structures and types of business firms.

Identify the conditions under which investment is more likely to occur.

---

Definitions:

Metamorphic Rock

Rock that has undergone transformation in texture, mineralogy, or chemical composition due to high temperature and pressure.

Partial Melting

The process by which only a portion of a solid is melted, often occurring in the Earth's mantle, leading to the generation of magma.

Metamorphism

The process by which the mineral composition and structure of rocks are changed by heat and pressure, without melting.

Magma

Molten rock located beneath the earth's surface, which can erupt as lava during a volcanic eruption and solidify to form igneous rocks.