Multiple Choice
The future location of the economy's production possibilities curve will be affected by:
A) the current division of domestic output between consumption and capital goods.
B) the rate of technological progress.
C) the growth of the economy's supplies of resources.
D) all of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q50: The production possibilities curve illustrates the basic
Q51: In drawing a production possibilities curve we
Q52: If economic theories are solidly based on
Q53: Production possibilities tables for two countries, North
Q56: How is the economic perspective reflected in
Q57: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q58: Some agricultural sub-Saharan nations of Africa have
Q59: Choices are usually made at the margin,
Q60: When economists describe "a market," they mean:<br>A)a
Q231: A production possibilities curve illustrates<br>A)scarcity.<br>B)market prices.<br>C)consumer preferences.<br>D)the