An improvement in education levels in Australia will cause:
A) the economy to move from a point inside its production possibility curve to a point on the curve
B) Australia's production possibility curve to shift outwards
C) Australia's production possibility curve to shift inwards
D) the economy to move down along the production possibility curve
Correct Answer:
Verified
Q22: A movement from a point inside a
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Q24: Which of the following is NOT true
Q25: The circular flow of goods and income
Q26: The idea of choice would not be
Q28: Two factors which can cause a nation's
Q29: Which of the following would NOT shift
Q30: Which of the following is NOT true
Q31: Although perfectly competitive markets are seldom found
Q32: In terms of Australia's production possibility curve
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