Multiple Choice
-If the economy of Exhibit B-10 was located at point E but has moved to point F, which of the following could have caused this movement?
A) an advance in technology
B) an increase in the quantity of resources
C) an increase in human capital, e.g., higher levels of education
D) the productive use of previously unemployed resources
E) an increase in unemployment
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Which of the following factors causes economic
Q22: If an economy is operating at a
Q23: Which of the following changes would not
Q24: Factors of production is another name for<br>A)
Q25: Factors of production do not include<br>A) land<br>B)
Q27: The bowed-out-from-the-origin shape of the production possibilities
Q28: Efficient production means producing<br>A) less output when
Q29: If resources are underemployed, then the economy
Q30: Land is a resource category that includes
Q31: Human capital is associated with<br>A) a doctor