Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, which is India's most likely future PPF?
A) PPF1
B) PPF2
C) PPF0
D) either PPF0 or PPF1
E) None of the above because economic growth will not happen in India.
B
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In a closed economy without the government, income equals:
A) aggregate savings plus aggregate investment. B) aggregate consumption. C) aggregate savings. D) aggregate savings plus aggregate consumption.
Which of the following demand factors are under the control of management?
a. price of product b. advertising c. price of competitors' products d. customer service e. all except c
Within the AD/AS model, an unanticipated increase in short-run aggregate supply will cause real output to
a. increase and the general level of prices to fall. b. decrease and the general level of prices to rise. c. increase and the general level of prices to rise. d. decrease and the general level of prices to fall.
When an investor buys a corporate bond, the face value of the bond is
A) a measure of ownership in the corporation. B) a loan to the corporation. C) the coupon rate of the bond. D) a dividend payment on the bond.