Refer to the information provided in Figure 2.6 below to answer the question(s) that follow. Figure 2.6Refer to Figure 2.6. Which of the following will shift an economy's production possibility frontier from ppf2 to ppf1?
A. a decrease in the economy's capital stock
B. a change in consumer's tastes
C. an increase in production efficiency
D. economic growth
Answer: A
Economics
You might also like to view...
In the long-run equilibrium, a monopolistically competitive firm earning normal profit produces the allocatively efficient output level
Indicate whether the statement is true or false
Economics
The form of contracting used throughout much of Asia:
a. relational contracting b. civil law c. criminalizing civil offenses d. common law e. all of the above
Economics