In 1992, Francis Fukuyama Declared That the World Had Arrived

question 28

Multiple Choice

In 1992, Francis Fukuyama declared that the world had arrived at

• A)"a bridge to a new tomorrow."
• B)"the first day of a new era."
• C)"the beginning of the end."
• D)"the end of history."

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Definitions:

Surfboards

Sporting equipment used in the sport of surfing, designed to ride waves by standing or lying on them.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and production technology.

Efficient Allocation

The optimal distribution of resources among competing uses to maximize output or welfare.

Ppf (Production Possibility Frontier)

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, when resources are fully and efficiently utilized.