A point inside a nation's production possibilities curve can represent:
a. a recession.
b. an increase in population size.
c. an economic growth.
d. a technological advancement.
e. an improvement in living standards.
a
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What does the slope of the credit supply curve imply? When do movements along a credit supply curve occur?
What will be an ideal response?
Analysis of the economic status of poor people reveals that
a. most are poor because they did not have the opportunity to obtain training and a quality education. b. most had poor parents, grandparents, and great-grandparents, suggesting that poverty is inherited. c. the poverty population is very homogeneous regarding opportunity, cultural disadvantages, alcoholism, and other personal contributing factors. d. poverty is a complex issue; the poor are a heterogeneous population, and the causes of poverty are multidimensional.