Dynamic Gains in Both the Stock of a Country's Resources

question 40

Multiple Choice

Dynamic gains in both the stock of a country's resources and the efficiency with which resources are utilized will cause a country's PPF to:

• A) shift inward
• B) shift outward
• C) make no appreciable change
• D) no longer be influential
• E) reflect new technologies

Differentiate between economic concepts and misconceptions.

Recognize the core concepts of economics: opportunity cost, marginalism, and efficient markets.

Learn about the historical significance of the Industrial Revolution.

Grasp the role of economics in analyzing decision-making by individuals and societies.