A nation that devotes more of its resources to the production of capital goods is likely to:
A. Cause its production possibilities curve to shift outward
B. Cause its production possibilities curve to shift inward
C. Increase the slope of its production possibilities curve
D. Decrease the slope of its production possibilities curve
Answer: A
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In 2000 . the real GDP for Malaysia was 93.15 trillion ringgit (MYR) and the population size was 20.5 million, then per capita real GDP for the year was approximately equal to _____
a. MYR 4.54 million b. MYR 45.9 million c. MYR 1,909.5 million d. MYR 191 million e. MYR 9,315 million
A vertical merger involves a combining of one or more firms:
A. as the result of one firm purchasing the assets of the other. B. that are operating in entirely different industries. C. operating at different stages of the production process in a particular industry. D. operating at the same stage of the production process.