Multiple Choice
A production possibilities frontier can shift outward if
A) government increases the amount of money in the economy.
B) there is a technological improvement.
C) resources are shifted from the production of one good to the production of the other good.
D) the economy abandons inefficient production methods in favor of efficient production methods.
Correct Answer:
Verified
Correct Answer:
Verified
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
Q196: Suppose an economy only produces two goods,robots
Q197: Figure 2-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-12
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
Q202: Figure 2-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-16
Q203: Microeconomics is the study of<br>A)how money affects