If a Country's Production Possibilities Boundary Is Drawn as a Straight

question 62

Multiple Choice

If a country's production possibilities boundary is drawn as a straight (downward-sloping) line it indicates

• A)decreasing opportunity cost of producing more of either good.
• B)the use of the scarce resources in an economy.
• C)constant opportunity cost of producing more of either good.
• D)an unfair distribution of resources in an economy.
• E)increasing opportunity cost of producing more of either good.

---

Definitions:

Standard Deviation

Standard deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.

Stanine

A method of scaling test scores on a nine-point standard scale, where a higher stanine score indicates better performance.

Cognitive Ability Test (CogAT)

A standardized test designed to measure students' reasoning abilities in the areas of verbal, quantitative, and non-verbal (or spatial) reasoning.

Standard Error of the Estimate

A statistical measure that indicates the accuracy with which a sample represents a population.