If the general education level within a country rises significantly over time, it is likely that:
a. the country will move to a different point along its current production possibilities curve.
b. the country's production possibilities curve will not change in any way.
c. the country's production possibilities curve will shift in.
d. the country's production possibilities curve will shift out.
e. the country's production possibilities curve will become convex to the origin.
d
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The text's discussion of the airline industry, the soft drink industry, and the doughnut industry reveals a common theme when it comes to the types of competitive practices firms in each industry engage in
What is it and what advantage does it offer firms?
An increase in the rate of depreciation is associated with ________
A) a decrease in the rate of productivity B) a decrease in gross investment C) a decrease in net investment D) an increase in net investment
Generally, economists agree that the economic outlook for the U.S. is seriously challenged
a. True b. False Indicate whether the statement is true or false
Refer to the scenario above. Which of the following would have happened if the government had decided to provide an export subsidy on these cash crops?
A) The volume of exports would have decreased. B) The government's revenue would have increased. C) Domestic producers would have been better off. D) Domestic consumers would have been worse off.