We can show economic growth in terms of the production possibility curve by:
A. shifting the production possibility curve outward.
B. shifting from a point inside the curve to a point on the production possibility curve.
C. movement along the production possibility curve.
D. jumping to a point outside the production possibility curve.
Answer: A
You might also like to view...
What are some of the ways a private group can overcome a free rider problem?
What will be an ideal response?
Net investment plus depreciation is equal to:
A. gross depreciation. B. gross domestic product. C. gross exports. D. gross investment.
Oliver just brought home a new kitten. We could expect Oliver's demand for:
A. dog toys, a substitute good, to decrease. B. cat toys, a complementary good, to decrease. C. cat toys, a complementary good, to increase. D. dog toys, a substitute good, to increase.
Which of the following are examples of market signals?
A. extracurricular activities B. education C. warranties D. all of the above