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.
Correct Answer:
Verified
Q341: Carlos is an executive of a major
Q342: Specialization can occur because
A) governments pass laws
Q343: Tiger Woods, a professional golfer, pays a
Q344: Comparative advantage implies choosing the activity that
A)
Q345: If individual X has comparative advantage in
Q347: Suppose that at a bicycle shop, instead
Q348: A person has a comparative advantage in
Q349: The division of labor refers to
A) workers
Q350: Division of labor refers to
A) dividing tasks
Q351: Division of labor increases the output of
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