Economic growth means
A) an outward shift of the PPF.
B) an inward shift of the PPF.
C) an expansion of production.
D) Both answers A and C are correct.
Correct Answer:
Verified
Q261: Technological progress makes the production possibilities frontier
A)
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
A)
Q265: When economic growth occurs, the
A) economy moves
Q267: An increase in the production of capital
Q268: Technological change
A) creates inefficiency.
B) generates economic growth.
C)
Q269: Economic growth is shown on the production
Q270: Suppose a scientific breakthrough made free solar
Q271: Capital accumulation
A) shifts the production possibilities frontier
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