The faster economic growth is, the
A) steeper the slope of the production possibilities curve.
B) closer to the origin the production possibilities curve becomes.
C) more bowed the production possibilities curve becomes.
D) farther the production possibilities curve shifts out.
D
Economics
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Explain why high nominal interest rates in an economy does not necessarily mean real interest rates in the same economy are also high
What will be an ideal response?
Economics
As long as it does not shut down, a profit-maximizing perfectly competitive firm will
A) always earn an economic profit. B) produce so that marginal revenue equals marginal cost. C) produce so that price equals average cost. D) never set its price equal to its marginal revenue.
Economics