The production possibilities decrease as more resources and better technology are utilized. is a false statement.
<h3>What happens to production possibility curve when technology of production improves?</h3>
There is said to be a Shifts in Technology and this is one that tends to that improves the productivity of workers and thus it is good.
This action above tends to make output to increase, so the production possibilities curve tend to shifts outward, or to the right.
Therefore, The production possibilities decrease as more resources and better technology are utilized. is a false statement.
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The answer for this would be John F. Kennedy. He was the president during the Cuban missile crisis
Answer:
Cultural capital
Explanation:
In sociology, the cultural capital or cultural assets of an individual are the social assets of the individual(style of speech, education, dressing, intellect etc) that facilitate and promote social mobility in a stratified society such as we see in societies that classify individuals into upper, middle and lower classes. This is seen in the above example where Christopher is able to meet different upper class individuals because of cultural capital(education)
Answer:
Milton Friedman was an American economist who wrote fundamental works in the fields of macroeconomics, microeconomics, economic history and statistics. In 1976 he received the Alfred Nobel Memorial Award for Economics for his achievements in the field of analysis of consumption, history and the theory of money and for his demonstration of the complexity of the stability policy. Friedman is regarded alongside John Maynard Keynes as the most influential economist of the twentieth century.
Friedman, who considered himself a classic liberal, represented the Chicago School, and emphasized the advantages of a free market and the disadvantages of government intervention. His basic attitude is expressed in his bestseller Capitalism and Freedom (1962). In it he called for the minimization of the role of the state in order to promote political and social freedom. In his television series Free to Choose, Friedman explained the functions of the free market and emphasized in particular that other economic systems could not adequately solve a society's social and political problems.
