Exhibit 2-11 Production possibilities curves
In Exhibit 2-11, which of the following could have caused the production possibilities curve to shift from the one labeled B to the one labeled A?
A. A major natural disaster.
B. An increase in resources.
C. An advance in technology.
D. A decrease in unemployment.
Answer: A
Economics
You might also like to view...
Steve is a professor of Economics at New York State University. He worked in India for a month. The income that he earned from India will be reported as ________ in the U.S. current account
A) factor payments B) exports C) transfer payments D) imports
Economics
Bureaucratic control emphasizes which organizational element?
a. hierarchy and authority b. budget and market influences c. benchmarking statistics d. product quality assurance
Economics