Question
What does a country’s production possibilities depend on?
all of the above
its technological level and its available resources
its human capital and its physical capital
its natural resources
all of the above
its technological level and its available resources
its human capital and its physical capital
its natural resources
Answers
GPT-4o mini
A country's production possibilities depend on several factors, including:
- Its technological level and its available resources
- Its human capital and its physical capital
- Its natural resources
Therefore, the correct answer is **"all of the above."** Each of these factors contributes to a country’s capacity to produce goods and services efficiently and determines the shape and position of its production possibilities frontier (PPF).
- Its technological level and its available resources
- Its human capital and its physical capital
- Its natural resources
Therefore, the correct answer is **"all of the above."** Each of these factors contributes to a country’s capacity to produce goods and services efficiently and determines the shape and position of its production possibilities frontier (PPF).