Is increased capital spending the only way for an economy to expand its production possibilities curve?
A) Yes, more capital investment is the only way to expand production possibilities.
B) Yes, although increased production of capital clearly increases the opportunity cost.
C) No, an economy can also grow by reallocating more resources toward the production of consumption goods.
D) No, an economy can also expand by invention and innovation.
Correct Answer:
Verified
Q10: In a market economy, prices help determine
Q14: In a market economy, government officials make
Q119: How can a decrease in the unemployment
Q120: FIGURE 2-11 Q121: FIGURE 2-13 Q122: There are four factors of production: land, Q123: Which of the following will shift a 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
![]()
![]()