The faster economic growth is, the
A) steeper the slope of the production possibilities curve.
B) farther the production possibilities curve shifts out.
C) closer to the origin the production possibilities curve becomes.
D) more bowed the production possibilities curve becomes.
Correct Answer:
Verified
Q12: Which of the following is TRUE?
A) Real
Q13: Economic growth is usually defined as
A) the
Q14: An outward shift of the production possibilities
Q15: There are a number of benefits that
Q16: When a nation's real per capita Gross
Q18: According to your text, which of the
Q19: The growth rate of per capita real
Q20: Economic growth may understate changes in standards
Q21: A nation's technological gains have increased labor
Q22: Suppose per capita real GDP grows by
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