Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. Which of the following is most likely to shift the production possibility frontier from ppf1 to ppf2?
A. the purchase of stocks on the New York Stock Exchange
B. moving resources from capital to consumer goods
C. an increase in the general educational level of the population
D. a change in consumer tastes
Answer: C
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What are the reasons that are usually given to justify regulation?
What will be an ideal response?
Evidence against market efficiency includes
A) failure of technical analysis to outperform the market. B) the random walk behavior of stock prices. C) the inability of mutual fund managers to consistently beat the market. D) the January effect.
Refer to the graph below. An effective minimum wage would be set
a. above We and would create a surplus of labor.
b. below We and would create a surplus of labor.
c. above We and would create a shortage of labor.
d. below We and would create a shortage of labor.
An increase in private sector borrowing (and spending) caused by decreased government borrowing is known as
A. Crowding in. B. Crowding debt. C. Debt reduction. D. Crowding out.