Multiple Choice
Good W is on the vertical axis and good Z is on the horizontal axis of a production possibilities curve.A technological innovation that improved labour's productivity for W but had zero effect on labour's productivity for Z would cause the production possibilities curve to
A) become steeper.
B) shift away from the origin.
C) become flatter.
D) shift towards the origin.
E) change in an unknowable way.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: The major cost,or penalty,imposed by increasing specialization
Q21: The principle of comparative advantage states that
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -Refer to the
Q23: If a person has the lowest opportunity
Q24: The production possibilities curve is<br>A) the boundary
Q26: The introduction of compulsory retirement for all
Q27: If a given production combination is efficient,then
Q28: Which of the following factors will cause
Q29: Jane can produce 50 pizzas or 100
Q30: The slope of any production possibilities curve