Economic growth can be depicted as
A) a change in the country's MRS.
B) a change in the country's MRT.
C) a shift of the country's production possibilities frontier to the right.
D) a shift of the country's production possibilities frontier to the left.
C
You might also like to view...
With increases in inflation demand for money that does not earn a return decreases. Carrying less cash in our pockets means higher ________
A) shoe-leather costs B) menu costs C) capital gain tax bills D) all of the above E) none of the above
The addition to total output when one more unit of capital is added is called the marginal revenue product of capital
Indicate whether the statement is true or false
Which European nation has kept its own currency and maintains a fixed value against the euro?
a. The United Kingdom b. Belgium c. Denmark d. Russia
Whenever the marginal cost curve lies below the average total cost curve, the:
A. average total cost is decreasing. B. average variable cost is increasing. C. average total cost is increasing. D. average variable cost is decreasing.