According to the Production Possibility Model,if More Resources Are Allocated

question 317

Multiple Choice

According to the production possibility model,if more resources are allocated to the production of physical and human capital,then which of the following is likely to happen?

• A)fewer goods will be produced for consumption today.
• B)the production possibilities frontier will be shift inward in the future
• C)future economic growth will decline.
• D)the country's total production will fall.

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Definitions:

Needlenose Pliers

A type of pliers characterized by long, thin jaws which are used for bending, repositioning, or cutting in tight spaces.

Intricate Electrical

Pertaining to complex electrical systems or circuits that involve a detailed or elaborate arrangement of components.

Adjustable Pliers

Tools with a multipositional slip joint that permits a wide spread of jaw dimensions.

Teeth Per Inch

A measurement that indicates the number of teeth in a one-inch length of a saw blade or other cutting tool, determining its cutting capability and finish.