If an economy experiences an increase in its capital stock,everything else constant,then its production possibilities frontier (PPF) will
A) expand outward but keep its original shape.
B) expand outward largely in the direction of the labor intensive good.
C) expand outward largely in the direction of the capital intensive good.
D) not expand until the labor force grows.
Correct Answer:
Verified
Q34: Economic growth at constant prices will never
Q35: As a candidate for president of the
Q36: The Dutch Disease refers to a deadly
Q37: If an economy experiences an increase in
Q38: Import-substitution development policies have been especially effective
Q40: Economic growth could make a country worse
Q41: What is immizerizing growth? Describe how it
Q42: Write an essay that compares and contrasts
Q43: The movement of production to affiliate firms
Q44: What does the "brain drain" refer to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents