Technological innovations will cause:
a. the production possibilities curve to stay the same.
b. the production possibilities curve to shift to the left.
c. the production possibilities curve to shift to the right.
d. an economy to operate below its production possibilities curve.
e. the production possibilities curve to increase or decrease.
c
You might also like to view...
The major components of a bond include all of the following except its
A. maturity date. B. face value. C. price. D. coupon rate.
"Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation.". This is an apt quote by
a. J. M. Keynes about the stock market crash b. Alan Greenspan about the Asian markets c. Paul Volcker about runaway inflation d. Franklin Roosevelt about railroad stock speculators e. Bill Clinton about his balanced budget
Briefly explain at least three reasons why private negotiations cannot eliminate inefficiencies related to pollution control.
What will be an ideal response?
Monopoly and monopsony markets have low barriers to entry.
a. true b. false