Multiple Choice
Which of the following would NOT allow society to move to point "h" in the above figure?
A) an improvement in technology
B) more efficient use of current resources
C) an increase in quantity of labor
D) an increase in quantity of capital
Correct Answer:
Verified
Correct Answer:
Verified
Q261: A movement along the production possibilities curve
Q262: Scarcity and shortages differ in that<br>A) scarcity
Q263: The division of productive activities among persons
Q264: A point outside a production possibilities curve
Q265: The opportunity cost of going to college
Q267: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q268: Which of the following is an assumption
Q269: Which of the following is NOT an
Q270: A graphical representation which shows the trade-off
Q271: In the above figure, the opportunity cost