Which of the following will cause an economy's production possibilities curve to shift outward over time?
A) if the quality of resources decreases
B) if the productivity of labour decreases
C) if the stock of available capital decreases
D) if technological progress occurs
Correct Answer:
Verified
Q12: Given a constant rate of growth of
Q13: Which of the following best describes output
Q14: If real GDP is increasing more rapidly
Q15: How is the prosperity of a nation
Q16: If real GDP per capita is decreasing,what
Q18: If real GDP per capita is increasing,what
Q19: What will cause the standard of living
Q20: What is the effect of an increase
Q21: What annual growth rate will result in
Q22: According to the rule of 70,if a
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