Economic growth may be represented by:
A. A movement from one end of the production possibilities curve to the other
B. An upward-sloping production possibilities curve
C. A movement from a point inside to a point on the production possibilities curve
D. A rightward shift of the production possibilities curve
Answer: D
You might also like to view...
In economics, the accumulated skills and training that workers have is known as
A) physical capital. B) human capital. C) innovation. D) entrepreneurship.
In 1992, the EEC was replaced by the EU with an agreement to:
a. erect strong trade barriers among the member countries. b. reduce trade barriers against nonmember countries. c. mutually restrict all imports from nonmember countries. d. create a single market for goods and services in western Europe. e. enable the countries of Western Europe to emerge as major world powers.
Only governments provide public goods
a. True b. False Indicate whether the statement is true or false
Renters of rent-controlled apartments will likely benefit from both lower rents and higher quality of apartments
a. True b. False Indicate whether the statement is true or false