Multiple Choice
-In the above figure, in order for this country to move from production possibilities frontier PPF1 to
PPF2, it might
A) put all unemployed resources to work producing desired output.
B) increase the skills and productivity of its work force.
C) increase the average level of prices for all goods produced and consumed.
D) engage in exchange with other nations.
Correct Answer:
Verified
Related Questions
Q278: Economic growth is the result of all
Q279: After Hurricane Katrina devastated parts of Mississippi
Q280: Economic growth can be pictured in a
Q281: The tradeoff between current consumption and the
Q282: The PPF shifts if
A) the unemployment rate
Q284: Economic growth
A) shifts the PPF outward.
B) creates