Multiple Choice
Which of the following is the best definition of economic growth?
A) The sustained expansion of production possibilities
B) The opportunity cost of consumption
C) Increased development of land and entrepreneurship
D) The opportunity cost of capital
E) The investment in capital and consumption goods by an economy
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The negative slope of the production possibilities
Q3: Moving between two points on a PPF,
Q4: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -Which of the
Q5: On a production possibilities frontier, 500 kilograms
Q6: The production possibilities frontier is a graph
Q7: Suppose a country operates on its production
Q8: The bowed out (concave) shape of the
Q9: The table above shows the production possibilities
Q10: As an economy increasingly specialises in producing
Q11: If the production possibilities frontier between bottled