The Position of a Country's Production Possibilities Curve in the Future

question 72

Multiple Choice

The position of a country's production possibilities curve in the future will be affected by:

• A)​the rate of technological progress.
• B)​discoveries of supplies of natural resources.
• C)​the growth rate of productivity in the country.
• D)​all of the above.

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Definitions:

Self-Serving Bias

The common tendency to attribute one’s successes to personal characteristics and failures to external factors.

Shock Machine

Often associated with psychological experiments, it refers to a device used to deliver an electric shock to a subject, typically used in studies on obedience, learning, and punishment.

Stanley Milgram

A psychologist best known for his research on obedience to authority, which revealed how people are willing to follow orders even when it results in harming others.

Obedience

Compliance with an order, request, or law, or submission to another's authority.