The production possibilities curve can shift inward when
A) production increases.
B) employment increases.
C) the stock of productive capital rises.
D) a country experiences a natural disaster.
D
Economics
You might also like to view...
Ceteris paribus means:
A) allowing all other things to change. B) making value judgments. C) all other things unchanged. D) differentiating between macroeconomics and microeconomics.
Economics
The measure of market power that focuses on the share of the market controlled by the X largest firms in the market is known as:
A) the Lerner Index. B) the Herfindahl-Hirschman Index. C) the Minimum-Efficient Scale Index. D) a concentration ratio.
Economics