Economic growth can be pictured in a production possibilities frontier diagram by
A) shifting the production possibilities frontier outward.
B) shifting the production possibilities frontier inward.
C) making the production possibilities frontier more bowed out.
D) making the production possibilities frontier less bowed out.
Correct Answer:
Verified
Q211: Economic growth can be represented by
A) a
Q212: Q213: The most anyone is willing to pay Q214: Using a production possibilities frontier, economic growth Q215: When economic growth occurs, the Q217: After Hurricane Katrina devastated parts of Mississippi Q218: If the marginal benefit from another computer Q219: An expansion of the production possibilities frontier Q220: Capital accumulation definitely Q221: ![]()
A) economy moves
A) makes the production possibilities![]()
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