
The country of Econoland produces two goods: textbooks and widgets.Last year,it produced 200 textbooks and 500 widgets.This year,it produced 250 textbooks and 600 widgets.Given no other information,which of the following could NOT explain the change
A) Econoland experienced a reduction in unemployment.
B) Econoland experienced an improvement in widget-making technology.
C) Econoland acquired more resources.
D) Econoland experienced a high level of emigration out of the country.
Correct Answer:
Verified
Q41: What is a characteristic of factors of
Q58: Figure 2-2 Q58: What would NOT be considered a factor Q61: Figure 2-2 Q62: Suppose an economy produces two goods: food Q63: What are the four sectors in a Q64: What does a point on a country's Q67: The country of Econoland produces two goods: Q70: What happens in the markets for goods Q74: Figure 2-2 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