Exhibit 2-9 Current production at which labeled point in Exhibit 2-9 would lead to the largest outward shift in the production possibilities frontier in a later year?
A) point a because this point represents a greater consumption level than point b
B) point b because this point represents greater total production than the other two points
C) point c because this point represents a greater consumption level than the other two points
D) point b because this point represents greater production of capital than point c
E) point c because this point represents greater production of capital than the other two points
Correct Answer:
Verified
Q147: A production possibilities frontier will shift outward
Q148: Increases in resources or improvements in technology
Q149: The production possibilities frontier will shift if
Q150: A production possibilities frontier can shift outward
Q151: An improvement in technology would
A)enable the economy
Q153: Which of the following would shift the
Q154: A production possibilities frontier will shift inward
Q155: On a production possibilities frontier, the opportunity
Q156: Exhibit 2-7 Q157: Which of the following would not shift
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