Which one of the following would directly lead to an outward shift of a country's production possibility curve?
A) an increase in the general price level in the economy
B) an increase in the level of unemployment in the economy
C) an increase in the number of people in the economy who are of working age
D) none of the above
Correct Answer:
Verified
Q44: In the circular flow of goods and
Q45: Which of the following is a reason
Q46: An example of a demand- side government
Q47: For an economy to produce at a
Q48: An economic model is:
A) a simplified representation
Q50: Which of the following is NOT an
Q51: The process by which resources are transformed
Q52: Opportunity cost is defined as:
A) the value
Q53: Suppose you weigh the costs and benefits
Q54: In factor markets:
A) factors of production flow
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