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

question 106

Multiple Choice

If a country's production possibilities curve gets more bowed out over time, it is an indication that

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

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Definitions:

Plato

An ancient Greek philosopher, student of Socrates and teacher of Aristotle, known for his profound influence on Western thought, particularly in the fields of ethics, metaphysics, and political theory.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Nurture

The influence of environmental factors and experiences on an individual's development, as opposed to genetic influences.

Intelligence

Mental quality consisting of the ability to learn from experience, solve problems, and use knowledge to adapt to new situations.