Improvements in production capacity will
A) rotate the production possibilities frontier clockwise.
B) move the economy up to the production possibilities frontier.
C) move the economy along the production possibilities frontier.
D) shift the production possibilities outward.
Correct Answer:
Verified
Q162: If a country's population increases at a
Q163: When Main Street Bank buys new automatic
Q164: A legal system that enforces property rights
Q165: Total factor productivity is a measure of
Q166: Labor includes the physical but not the
Q168: The Rule of 70 provides an exact
Q169: The compounding effect makes debt repayment significantly
Q170: Countries with the most economic freedom do
Q171: Public educational institutions are not considered infrastructure.
Q172: The efficiency with which inputs are converted
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