Which of the following statements is false?
A) Marginal analysis is an examination of the effects of additions or subtractions from a current situation.
B) The production possibilities curve shows the unattainable combination of two outputs that an economy can produce, given its available resources and technology.
C) Technology is the body of knowledge and skills applied to how goods are produced.
D) Economic growth is illustrated as an outward shift of the production possibilities curve.
Correct Answer:
Verified
Q36: According to the principle of comparative advantage,
Q93: Which of the following would most likely
Q94: Narrabegin Exhibit 2.11 Production possibilities frontiers
Q95: The theory of comparative advantage:
A) helps to
Q96: Which of the following statements is true?
A)
Q98: Economic growth:
A) causes an inward shift in
Q99: Suppose a new method is discovered that
Q100: The production possibilities curve for the nation
Q101: Suppose that Spain has a comparative advantage
Q102: The theory of comparative advantage suggests:
A) that
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