A movement along the production possibilities curve would imply that

A) the labor force has grown.
B) productivity has increased.
C) society has chosen a different set of outputs.
D) productivity has declined because workers are demanding more leisure.


C

Economics

You might also like to view...

What is the ceteris paribus condition?

What will be an ideal response?

Economics

Refer to the above figure. Which of the graphs are consistent with the age-earnings profile?

A) Panel A B) Panel B C) Panel C D) Panel D

Economics

Price floors are only effective below the market equilibrium

a. True b. False Indicate whether the statement is true or false

Economics

Suppose that real GDP grew more in Country A than in Country B last year

a. Country A must have a higher standard of living than country B. b. Country A's productivity must have grown faster than country B's. c. Both of the above are correct. d. None of the above are correct.

Economics