Which of the following statements is false?
A) Marginal analysis is an examination of the effects of additions or subtractions from a current situation.
B) The production possibilities curve shows the maximum combination of two outputs that an economy can produce, given its available resources and technology.
C) Technology is the body of knowledge and skills applied to how goods are produced.
D) Economic growth is illustrated as an inward shift of the production possibilities curve.
Correct Answer:
Verified
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Q168: Exhibit 2-17 Production possibilities curve 
Q170: Exhibit 2-18 Production possibilities curves 
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Q174: The process of accumulating capital is called:
A)
Q175: Exhibit 2-18 Production possibilities curves 
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Q177: Exhibit 2-19 Production possibilities curves 
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