The economy is currently on its production possibilities frontier (PPF) . A politician says that it is possible to get more of everything---more infrastructure, more schools, more national defense, more spending on social programs, and so on. The politician is
A) correct if he is assuming a rightward-shifting PPF.
B) incorrect if he is assuming a rightward-shifting PPF.
C) correct if he is assuming a leftward-shifting PPF.
D) correct if he is assuming a PPF that does not change.
Correct Answer:
Verified
Q97: Exhibit 2-6 Q98: Exhibit 2-6 Q99: Exhibit 2-7 Q100: Exhibit 2-6 Q103: Which scenario below most accurately describes the Q105: An economy can produce either of these Q105: If the law of increasing opportunity costs Q106: If there is always a 4-for-1 tradeoff Q106: Productive efficiency implies Q107: The law of increasing opportunity costs states 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
A)the possibility of gains in
