Economic growth can be represented by
A) a movement down the production possibilities frontier (PPF).
B) a movement up the production possibilities frontier (PPF).
C) an inward shift of the production possibilities frontier (PPF).
D) an outward shift of the production possibilities frontier (PPF).
D
Economics
You might also like to view...
When a firm uses a form of quantity discrimination it is the high quantity purchasers that generate most profit
Indicate whether the statement is true or false
Economics
The consumer is in equilibrium when
A) MRT = MRS. B) Px/Py=MUx/MUy C) the budget line is tangent to the indifference curve at the bundle chosen. D) All of the above.
Economics