If a Country's Production Possibilities Curve Gets More Bowed Out

question 48

Multiple Choice

If a country's production possibilities curve gets more bowed out over time,we know that

• A)resources have become more highly specialized.
• B)society is learning to use its resources more efficiently.
• C)the quantity of labour and capital have increased.
• D)technological change has taken place.

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Definitions:

Micro-Level Influence

Impact or effects seen at an individual or small group level, often in contrast to macro-level influences.

Individual Choices

Decisions made by a person based on personal preference, values, and circumstances, affecting their life and actions.

Technological Innovations

The introduction of new technologies or methods that significantly improve products, processes, or services, often driving economic growth and societal change.

Macro-Level Perspective

A social science perspective that focuses on large-scale patterns and processes that characterize society as a whole.