Which of the Following Is NOT an Assumption Used in Deriving

question 79

Multiple Choice

Which of the following is NOT an assumption used in deriving a production possibilities curve?

• A) The labor force is growing at a constant rate.
• B) Resources are fully employed.
• C) Technology is constant.
• D) The quantity of resources is constant.

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Definitions:

Conflict

A serious disagreement or argument, typically a protracted one, which can occur between individuals, groups, or nations.

Learning Disability

A condition giving rise to difficulties in acquiring knowledge and skills to the level expected of those of the same age, especially when not associated with a physical handicap.

Intelligence

The ability to acquire and apply knowledge and skills, including the capacity for logic, understanding, self-awareness, learning, emotional knowledge, planning, and problem-solving.

Logical Fallacy

An error in reasoning that renders an argument invalid, often used in persuasive speech to deceive or mislead.