An expansion of the production possibilities frontier is
A) called economic growth.
B) something that has occurred only rarely in history.
C) proof that scarcity is not a binding constraint.
D) a free gift of nature.
Correct Answer:
Verified
Q255: Allocative efficiency occurs when
A) we cannot produce
Q256: Q257: Q258: The most anyone is willing to pay Q259: If the marginal benefit from another computer Q261: Technological progress makes the production possibilities frontier Q262: A key factor that leads to economic Q263: As an economy's capital stock increases, the Q264: The opportunity cost of economic growth is Q265: When economic growth occurs, the
A)
A)
A) economy moves
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents