When economic growth occurs, the
A) production possibilities frontier shifts outward.
B) production possibilities frontier becomes steeper.
C) economy moves along its production possibilities frontier.
D) production possibilities frontier shifts outward but no longer limits the amount that can be produced.
Correct Answer:
Verified
Q48: Resource use is allocatively efficient when marginal
Q49: Economic growth is the result of all
Q50: Q51: A nation's production possibilities frontier is bowed Q52: Marginal cost Q54: As an economy's capital stock increases, the Q55: A computer software program is most strongly Q56: Tom takes 20 minutes to cook an Q57: In March a factory used new technology Q58: Individual economic decisions are coordinated by![]()
A)remains constant as more is produced.
B)decreases
A)governments through
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents