
-Refer to the above graph.If the production possibilities curve for an economy is at CD but the economy is operating at point X,the reasons are most likely to be:
A) technological progress and industrial change.
B) increases in the quantity and the quality of resources.
C) improvement in labour productivity and the number of worker-hours.
D) lack of full employment and inefficient allocation of resources.
Correct Answer:
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Q49: Q52: Q57: Q61: Labour productivity may best be defined as: Q63: Real GDP or total output in any Q70: Which of the following would not be Q76: Economic growth can best be portrayed as Q78: The achievement of full employment through time Q79: An outward shift of a nation's production Q80: Labour productivity is measured by: 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![]()
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A)total
A)the ratio of