
-Refer to the above graph.If the production possibilities curve of an economy shifts from AB to CD,it is most likely caused by:
A) a decrease in the price level.
B) allocative efficiency.
C) technological progress.
D) full employment of resources.
Correct Answer:
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Q52: Q53: Q61: Labour productivity may best be defined as: Q64: If the number of worker-hours in an Q70: Which of the following would not be Q73: Suppose total output (real GDP) is $4000 Q77: Economic growth can be portrayed as a(n): Q79: An outward shift of a nation's production Q80: Labour productivity is measured by: Q173: Assume that an economy has 1,500 workers,![]()
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A)total
A)outward
A)the ratio of
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