(Figure: Interpreting PPF Shifts 2) The graph describes a situation in which 
A) both industries have experienced technological improvements.
B) only industry 1 has had a technological improvement.
C) neither industry has had a technological improvement.
D) only industry 2 has had a technological improvement.
Correct Answer:
Verified
Q124: (Table) The table shows the production possibilities
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Q126: In economics, the term capital refers to
A)
Q127: Which does NOT represent an increase in
Q128: Which factor encourages economic growth?
A) taxes on
Q130: (Figure: Turtletopia and Frogland PPFs) We see
Q131: Capital includes all of these EXCEPT
A) dollar
Q132: (Figure: Pork and Corn PPF 2) The
Q133: A country operating outside of the production
Q134: Land
A) is not a scarce resource.
B) earns
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