A movement along the production possibilities curve would imply that:
A) the labor force has grown.
B) productivity has increased.
C) productivity has declined.
D) society has chosen a different set of outputs.
Correct Answer:
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Q7: When an economy is at full employment
Q8: The following economy produces two products.
Q9: The following economy produces two products.
Q10: Q11: A point on the frontier of the Q13: If an economy is producing at a Q14: If an economy that produces capital and Q15: Assume that for Indy, one hour of Q16: Which statement is an economic rationale for Q17:
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