Economic growth can be pictured in a production possibilities curve diagram by
A) an inward shift of the production possibilities curve.
B) an outward shift of the production possibilities curve.
C) an increasingly bowed out production possibilities curve.
D) a production possibilities curve that is less bowed out.
Correct Answer:
Verified
Q58: If opportunity costs remained constant,then
A)the production possibilities
Q59: Figure 2-4 Q60: Productive efficiency is correctly defined as Q61: Capital goods Q62: When a society forgoes current consumption to Q64: A country that must reduce current consumption Q65: In general,specialization allows Q66: If you are able to earn $20,000 Q67: Comparative advantage is always a(n)_ concept. Q68: Increasing relative costs are the result of
A)producing outside
A)are a special type of consumption
A)constant opportunity costs.
B)greater self-reliance.
C)the production
A)relative
B)engineering
C)monetary
D)absolute
A)high
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