Multiple Choice
Which of the following would be most likely to shift the production possibilities curve to the right?
A) a sudden and substantial expansion of consumer wants
B) an improvement in the literacy level and general level of education
C) a decline in the size of the population and labour force
D) shifting resources from butter to gun production
Correct Answer:
Verified
Correct Answer:
Verified
Q230: The entrepreneur's sole function is to combine
Q231: The typical production possibilities curve is:<br>A)an upward
Q232: Assume that a change in government policy
Q233: The law of increasing opportunity costs exists
Q235: The construction of a production possibilities curve
Q236: The economic concept that serves as the
Q237: A country can achieve some combination of
Q238: Deltonia produces both consumer and capital goods.If
Q239: In drawing a budget line it is
Q340: Macroeconomics approaches the study of economics from