Solved

Suppose an Economy Produces Two Goods: Food and Machines

Question 102

Multiple Choice

Suppose an economy produces two goods: food and machines.This economy always operates on its production possibilities frontier.Last year,it produced 45 units of food and 25 machines.This year,it is producing 50 units of food and 30 machines.Which of the following would NOT explain the increase in output


A) a reduction in unemployment
B) an increase in the labour force
C) an improvement in technology
D) an increase in worker productivity

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions