Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point directly to the left of it.Assuming that the PPF has not shifted,this could be due to
A) a gain of resources.
B) a loss of resources.
C) technological improvement in the production of both goods.
D) the implementation of a new law that interferes with productive efficiency.
Correct Answer:
Verified
Q45: Which of the following statements is true?
A)
Q46: Q47: A PPF is more likely to be Q48: In the production possibilities framework,economic growth is Q49: Q51: Q52: Economic growth causes the PPF to Q53: Productive inefficiency implies that 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
A) shift
A) it is possible