Multiple Choice
A move from inside the production possibilities boundary to the boundary itself could be caused by
A) an improvement in the government's ability to control its spending.
B) an increase in the labour supply.
C) technological progress.
D) the employment of previously idle resources.
E) a reallocation of resources from military to civilian goods.
Correct Answer:
Verified
Correct Answer:
Verified
Q65: In a pure market economy,the role of
Q105: FIGURE 1- 1<br>With a budget of $200
Q106: Consider Canada's production possibilities boundary.Suppose a scientific
Q107: Madeleine allows herself $100 per month for
Q108: The diagram below shows two production possibilities
Q109: The concept of scarcity in economics usually
Q112: In mixed economies,economic behaviour is<br>A)largely determined by
Q113: Consider the following list: a worker with
Q114: Scarcity is likely to be<br>A)a result of
Q115: An economic system that relies primarily upon