A production possibilities frontier can shift outward for all of the following reasons except one. Which is the exception?
a. a decrease in the unemployment rate
b. an improvement in labor skills
c. an improvement in technology
d. a larger work force
e. a larger capital stock
A
You might also like to view...
A schedule of amounts of a good that people will purchase at various prices during a specific time period holding other factors constant is
A) a market. B) supply. C) demand. D) the market clearing price.
An economy is producing efficiently when all factors of production are used in their most productive capacity
Indicate whether the statement is true or false
It is ____ to identify an asset bubble before it bursts ____ to identify an asset bubble after it bursts
a. simple; and also simple b. simple; but difficult c. difficult; but simple d. difficult; and also difficult
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles. B. an increase in economic growth. C. an increase in unemployment. D. a reduction in unemployment.