Which of the following could cause the production possibilities frontier to shift to the right?
A) More government regulation that stunts economic growth
B) Changes in the rules of the game that stunt economic growth
C) Lower quality resources
D) Fewer productive resources
E) Production of more capital goods and fewer consumer goods
Correct Answer:
Verified
Q2: In an iron and steel plant with
Q3: Suppose a production possibilities frontier (PPF)has been
Q4: Human capital represents:
A)the equipment that labor uses
Q5: The rules of the game refer to:
A)any
Q6: Suppose a production possibilities frontier (PPF)has been
Q8: The production possibilities frontier of an economy
Q9: _ is the resource whose productivity is
Q10: If Q is total real output,K is
Q11: Long-term growth in production can be explained
Q12: The production possibilities curve for capital and
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