Multiple Choice
Suppose an economy only produces two goods,robots and ice cream.Last month,the economy produced 10 robots and 200 gallons of ice cream.This month,the same economy produced 15 robots and 240 gallons of ice cream.Which of the following statements could explain this change?
A) This month,the economy reduced the unemployment of its resources.
B) This month,the economy experienced an improvement in technology.
C) This month,the economy experienced an increase in resources
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q191: A macroeconomist - as opposed to a
Q192: In the circular-flow diagram,<br>A)firms are buyers in
Q193: The circular-flow diagram is a<br>A)visual model of
Q194: Factors of production are<br>A)used to produce goods
Q195: Figure 2-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-6
Q197: Figure 2-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-12
Q198: A production possibilities frontier can shift outward
Q199: In the circular-flow diagram,which of the following
Q200: Figure 2-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-7
Q201: Which of the following statements about models