The following question are based on the following production possibilities curve:
-Suppose 4 million tractors wear out each year.If society wishes to push next year's production possibilities curve outward,the best point to choose of those shown is
A) A.
B) B.
C) C.
D) D.
E) E.
Correct Answer:
Verified
Q61: For an economy at full employment to
Q62: A production possibilities curve illustrates
A) opportunity costs.
B)
Q63: An improvement in technology or an increase
Q64: The United States could expand output of
Q65: The following question are based on the
Q67: The fact that initial improvements in the
Q68: According to Richard Gill in the Economics
Q69: For this economy to produce 5 million
Q70: All output combinations that fall on an
Q71: A production possibilities curve is least helpful
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