The production possibilities will definitely shift outward if:
A) Land and capital increase and,at the same time,the labor force decreases.
B) Available resources decrease and,at the same time,technology improves.
C) The labor force increases and,at the same time,technology improves.
D) The labor force decreases and,at the same time,land and capital decrease.
Correct Answer:
Verified
Q7: A basic purpose of macroeconomics is to
Q8: For a particular economy,the production possibilities curve
Q9: Which of the following is not one
Q10: As the economy falls from the peak
Q11: Over time,U.S.real GDP has increased:
A) By small,constant
Q13: The total value of goods and services
Q14: Nominal GDP is defined as the:
A) Value
Q15: Which of the following is a basic
Q16: The study of aggregate economic behavior is
Q17: When calculating nominal GDP,the volume of output
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