An improvement in technology will cause the
A. economy to move down the production possibility frontier.
B. production possibility frontier to shift inward.
C. production possibility frontier to shift outward.
D. economy to move closer to its production possibility frontier.
Answer: C
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Over the past 100 years, real GDP per person in the United States has grown at an average of ________ percent a year
A) 1 B) 2 C) 3 D) 4
Refer to the information provided in Figure 7.4 below to answer the question(s) that follow. 
Figure 7.4Refer to Figure 7.4. The average product with five workers is
A. 1. B. 2.5. C. 5. D. 11.
Refer to Table 21-2. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?
A) -1% B) 1% C) 2% D) 4%
Considering the information in the table shown, the price of ice cream is:
This table shows the different combinations of goods that Jack can consume, given that his income to spend on these two items is $10.
A. $2 per cone.
B. $1 per cone.
C. diminishing as Jack increases the amount consumed.
D. $5 per cone.