When economic growth occurs, the
A) economy moves along its production possibilities frontier
B) production possibilities frontier shifts outward but no longer limits the amount that can be produced.
C) production possibilities frontier shifts outward
D) production possibilities frontier becomes steeper
Correct Answer:
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Q260: An expansion of the production possibilities frontier
Q261: Technological progress makes the production possibilities frontier
A)
Q262: A key factor that leads to economic
Q263: As an economy's capital stock increases, the
Q264: The opportunity cost of economic growth is
A)
Q266: Economic growth means
A) an outward shift of
Q267: An increase in the production of capital
Q268: Technological change
A) creates inefficiency.
B) generates economic growth.
C)
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