Refer to Figure 17.2. Assume the economy is at point E and is constrained by the PPC shown. This economy
A. Can experience long-run growth by moving to point D.
B. Can experience long-run growth by moving to point C.
C. Can experience a movement to full employment by moving to point A.
D. Cannot experience growth because it is constrained by the PPC.
Answer: C
You might also like to view...
Michal Levhari lost her job when Intel closed its local plant. She has been visiting the personnel offices of the other factories in the area, looking for a new job. She is regarded as being
a. a member of the labor force who is theoretically employed b. a member of the labor force who is unemployed c. a member of the labor force who is underemployed d. a discouraged worker who is not a member of the labor force e. not a member of the labor force
While trade restrictions for a small country do provide gains to certain segments in the economy, in a second-best world such restrictions will always lower national welfare for a small country.
Answer the following statement true (T) or false (F)