How will an increase in the level of human capital,ceteris paribus,affect an economy's production possibilities curve?
A) Shift the curve inward.
B) Result in a movement from inside the curve to a point on the curve.
C) Shift the curve outward.
D) Result in a movement along the curve.
Correct Answer:
Verified
Q53: A U.S.firm that outsources jobs would be
A)Building
Q56: When the government provides a legal framework,
A)Domestic
Q58: When the government provides a legal framework,
A)Private
Q59: A capital-intensive production process is one that
A)Has
Q62: One characteristic that has allowed the U.S.economy
Q63: Productivity
A)Rises when the value of output rises
Q64: Which of the following definitely means productivity
Q65: Human capital is defined as the
A)Amount of
Q66: Productivity is a measure of
A)Output per unit
Q80: The government regulates monopolies in order to
A)Ensure
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