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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 21
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: Shifting the production possibilities curve
An outward shift of an economy's production possibilities curve is caused by
A) entrepreneurship.
B) an increase in labor.
C) an advance in technology.
D) all of the above.
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: Shifting the production possibilities curve
An outward shift of an economy's production possibilities curve is caused by
A) entrepreneurship.
B) an increase in labor.
C) an advance in technology.
D) all of the above.
Explanation
Verified
Verified
On a PPF curve every point on the curve ...
Economics for Today 9th Edition by Irvin Tucker
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