Which of the following factors can influence the production possibilities frontier in the future?
A) the amount of capital produced
B) a fall in the rate of inflation
C) a decrease in consumption in an economy
D) an increase in the tax rate
E) a legal reform that increases transaction costs
Correct Answer:
Verified
Q2: Which of the following could cause the
Q3: Which of the following can expand the
Q4: Suppose the production possibilities frontier (PPF) of
Q5: Long-term growth in production can be explained
Q5: The rules of the game refer to:
A)any
Q7: What is meant by the term standard
Q8: A process that transforms resources into goods
Q9: The ratio of total output to a
Q10: The production possibilities frontier of an economy
Q11: Which of the following best describes productivity?
A)
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