Multiple Choice
Refer to the accompanying diagram. If the production possibilities curve of an economy shifts from AB to CD, it is most likely the result of what type of factor affecting economic growth?
A) a supply factor
B) a demand factor
C) an efficiency factor
D) an allocation factor
Correct Answer:

Verified
Correct Answer:
Verified
Q240: Which is more important, labor quantity or
Q241: If the number of worker-hours in an
Q242: Given the annual rate of economic growth,
Q243: Trends in educational attainment in the U.S.
Q244: In the growth debate, defenders of economic
Q246: Between 1950 and 2018, U.S. real GDP
Q247: Empirical studies suggest that<br>A) labor productivity has
Q248: Critics of economic growth say studies show
Q249: The annual growth of U.S. labor productivity<br>A)
Q250: If the growth trend of labor productivity