Which of the following would shift the production possibilities frontier outward?
a. a reduction in inefficiency
b. a reduction in the size of the labor force
c. an improvement in technology
d. a change in the combination of goods produced
e. increasing opportunity costs
C
Economics
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Mergers between companies producing widely divergent goods is called a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
Economics
Within the circular flow model, the level of total resource income and total spending on output will be approximately equal.
Answer the following statements true (T) or false (F)
Economics