The production possibilities curve for the nation of Economania shifts to the right. This could have been caused by:
A) a decrease in Economania's capital stock.
B) a decrease in the Economania's labor supply.
C) high unemployment in Economania the previous time period.
D) Economania producing all consumer goods in the previous period.
E) technological innovation in the production of Economania goods.
Correct Answer:
Verified
Q27: An outward shift of an economy's production
Q82: Economic growth may be represented by a(n):
A)
Q139: Exhibit 2-15 Production possibilities curve 
Q140: Exhibit 2-13 Production possibilities curve
Q141: Compare two economies A and B that
Q142: An analysis of production possibilities curves indicates
Q143: Robinson Crusoe's decision to produce more capital
Q145: A rightward (an outward) shift of a
Q146: People in poor countries may have difficulties
Q147: A source of economic growth is:
A) unemployment.
B)
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