Multiple Choice
Suppose an economy produces two goods: winter coats and skis. This economy always operates on its production possibilities frontier. Last year, it produced 750 units of coats and 250 pairs of skis. This year, it is producing 820 units of coats and 275 sets of skis. Which of the following would NOT explain the increase in output?
A) a reduction in unemployment
B) an increase in the labour force
C) an improvement in technology
D) an increase in worker productivity
Correct Answer:
Verified
Correct Answer:
Verified
Q62: In a pie chart, what does each
Q63: Figure 2-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 2-7
Q64: Who said, "The whole of science is
Q65: What is the x-coordinate?<br>A) the first number
Q66: How would any economist who says all
Q68: What would be considered a topic of
Q69: What is a duty of Human Resources
Q70: What is the production possibilities frontier?<br>A) a
Q71: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q72: Figure 2-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 2-6