Economic growth causes the PPF to
A) shift leftward.
B) shift rightward.
C) remain constant.
D) go from a straight line to a curve.
B
You might also like to view...
Which of the following will not shift the demand for the euro to the right?
A) an increase in interest rates in the European Union B) expectations among speculators that the price of the euro will rise in the future C) an increase in incomes in countries that buy goods from the European Union D) a decrease in the demand for European goods
For a normal good, does the income effect reinforce the substitution effect or does it partly offset the substitution effect?
What will be an ideal response?
The efficient transfer price is
a. the upstream division's average cost b. the upstream division's marginal cost c. the downstream division's average cost d. the downstream division's marginal cost
Two examples of governments that printed large quantities of paper currency to finance massive budget deficits, causing hyperinflation, are ________ and ________.
A. the United States during the Great Depression; Germany after World War I B. the Confederacy during the American Civil War; Germany after World War I C. the Confederacy during the American Civil War; Japan after World War II D. the United States during the Great Depression; Japan after World War II