Suppose a scientific breakthrough made free solar power available in unlimited quantities in the United States. The effect of this invention would be to move the
A) U.S. production possibilities frontier inward.
B) United States beyond its production possibilities frontier.
C) United States inside its production possibilities frontier.
D) U.S. production possibilities frontier outward.
Correct Answer:
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Q265: When economic growth occurs, the
A) economy moves
Q266: Economic growth means
A) an outward shift of
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
Q271: Capital accumulation
A) shifts the production possibilities frontier
Q272: Economic growth can be represented by
A) an
Q273: The production possibilities frontier shifts as
A) the
Q274: In March a factory used new technology
Q275: Suppose the United States discovers a way
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