The Lost Decade began in 1990 when Colombia announced that it lacked the international reserves it needed to pay the interest and principle due on its foreign debt

The table above shows three production methods to produce 100 automobiles per day. Which of the three methods is technologically efficient?

A) Method A only B) Method B only C) Method C only D) Method A, B and C are all technologically efficient.

Which of the following will result in an outward shift of the production possibilities curve [PPC]?

a. A decrease in the quantity of resources b. An improvement in the quality of resources c. A fall in education standards d. An unsustainable growth in population e. An increase in unemployment rate