?Any movement along an existing production possibilities curve will
a. increase the production of one good while decreasing the production of the other.
b. increase the production of both goods
c. increase efficiency.
d. increase employment.
Answer: a. increase the production of one good while decreasing the production of the other.
You might also like to view...
The portion of national debt owned by foreigners does constitute a burden on the nation as a whole.
Answer the following statement true (T) or false (F)
If the Fed sells government bonds on the open market, which of the following will NOT occur?
A. The money supply will contract. B. The market rate of interest on corporate bonds will increase. C. The market rate of interest on government bonds will increase. D. The interest rate will fall.
Which statement is true?
A. In 1900 most Americans lived on farms. B. The United States' industrial base was largely destroyed by World War I. C. John D. Rockefeller controlled the U.S. automobile industry during the first two decades of the 20th century. D. Andrew Carnegie was the leading steel producer in the U.S. in 1900.
Sue Ann Buchanan, can make $800,000 on the pro tennis tour, but would be willing to do it for $200,000. Her economic rent is
A. $200,000. B. $600,000. C. $800,000. D. $1,000,000.