Which of the Following Statements Is Not Correct

question 138

Multiple Choice

Which of the following statements is not correct?

• A) An increase in a nation's labor supply will cause its potential output to increase.
• B) Economic growth can be illustrated by an expansion of a nation's production possibilities curve.
• C) An increase in the quantity of a nation's resources will cause economic growth, but an increase in the quality of resources will not.
• D) New technologies or new ways of producing output can cause a nation's production possibilities curve to shift outward.

---

Definitions:

Random Sample

A subset of individuals chosen from a statistical population in such a way that each individual has an equal chance of being selected.

Conversation Length

The duration of an exchange of thoughts or information between two or more individuals, often measured in units of time.

Margin of Error

An expression of the amount of random sampling error in a survey's results, often used to create confidence intervals around a sample statistic.

Binomial Proportion

A statistical measure that represents the proportion of successes in a series of independent trials in a binomial distribution.