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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 12
INTRODUCTION TO ECONOMICS
This road map feature helps you tie together material in the part as you travel the Economic Way of Thinking Highway. The following are review questions listed by chapter from the previous part. The key concept in each question is given for emphasis, and each question or set of questions concludes with an interactive game to reinforce the concepts. Visit cengagebrain.com to purchase the MindTap product where you can select a chapter and play the visual causation chain game designed to make learning fun. The correct answers to the multiple choice questions are given in Appendix C.
Key Concept: Production possibilities curve
Which of the following is true about the production possibilities curve when a technological progress occurs?
A) Shifts inward to the left.
B) Becomes flatter at one end and steeper at the other end.
C) Becomes steeper.
D) Shifts outward to the right.
E) Does not change.
This road map feature helps you tie together material in the part as you travel the Economic Way of Thinking Highway. The following are review questions listed by chapter from the previous part. The key concept in each question is given for emphasis, and each question or set of questions concludes with an interactive game to reinforce the concepts. Visit cengagebrain.com to purchase the MindTap product where you can select a chapter and play the visual causation chain game designed to make learning fun. The correct answers to the multiple choice questions are given in Appendix C.
Key Concept: Production possibilities curve
Which of the following is true about the production possibilities curve when a technological progress occurs?
A) Shifts inward to the left.
B) Becomes flatter at one end and steeper at the other end.
C) Becomes steeper.
D) Shifts outward to the right.
E) Does not change.
Explanation
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On a PPF curve every point on the curve ...
Economics for Today 9th Edition by Irvin Tucker
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