Solved

Use the Following Figure to Answer the Questions: Figure 1

Question 11

Multiple Choice

Use the following figure to answer the questions: Figure 1.5
Use the following figure to answer the questions: Figure 1.5   -if an economy is currently producing on PP2,which of the following would shift the production possibilities curve toward PP1? A) An increase in the quantity of labor available. B) A decrease in the amount of capital available. C) An increase in the level of unemployment above the normal level. D) An advancement in technology.
-if an economy is currently producing on PP2,which of the following would shift the production possibilities curve toward PP1?


A) An increase in the quantity of labor available.
B) A decrease in the amount of capital available.
C) An increase in the level of unemployment above the normal level.
D) An advancement in technology.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions