In order for a production possibilities curve to shift to the right, which of the following must occur?

A) government involvement
B) increasing consumer wants
C) economic growth
D) reductions in the supply of resources


Answer: C

Economics

You might also like to view...

The most likely substitute good for hot dogs would be:

A. burgers. B. potato chips. C. ketchup. D. a plate.

Economics

A country has a comparative advantage in a product if the world price is _____ than that country's domestic price without trade

Fill in the blank(s) with correct word

Economics

Aggregate measures are

A. determined by the government. B. used only by policymakers but not by firms. C. anything to do with economics. D. a total measure of a variable in the economy.

Economics

Refer to the information provided in Figure 8.6 below to answer the question(s) that follow.  Figure 8.6 Refer to Figure 8.6. Average fixed cost is represented by

A. curve 1. B. curve 2. C. curve 3. D. line segment AB.

Economics