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 Economania's labour supply.
C) high unemployment in Economania for the previous time period.
D) Economania producing all consumer goods in the previous period.
E) improvement in the health and skill level of Economania's workforce.
Correct Answer:
Verified
Q53: Narrbegin Exhibit 2.7 Production possibilities frontier
Q58: Exhibit 2-7 Production possibilities frontier
Q59: Exhibit 2-5 Production possibilities frontier
Q60: Exhibit 2-6 Production possibilities frontier data
Q63: Robinson Crusoe's decision to produce more capital
Q64: Law of increasing opportunity cost states:
A)that opportunity
Q65: Exhibit 2-8 Production possibilities frontier data
Q69: Which of the following would most likely
Q77: Other things being equal, a decreased supply
Q160: Technological innovations will cause:
A) the production possibilities
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