Adding more resources to production causes
a. a downward movement along the production possibilities curve
b. the production possibilities curve to shift in toward the origin
c. an upward movement along the production possibilities curve
d. the production possibilities curve to shift out from the origin
e. the production possibilities curve to become positively sloped
D
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The components of aggregate expenditure are consumption expenditure,
A) investment, government expenditure on goods and services, and net exports. B) investment, government expenditure on goods and services, and net taxes. C) interest, government expenditure on goods and services, and net exports. D) investment, government expenditure on goods and services, and net income. E) interest, gross spending, and net spending.
Which is characteristic of a traditional economy?
a. Communities tend to be fast-growing. b. They are usually based on light industrial production. c. They have a high standard of living. d. Children tend to have the same jobs as their parents did.