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
b
Economics
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Refer to the figure above. If the exchange rate is fixed above E yuan per dollar:
A) both the yuan and dollar are undervalued. B) the dollar is overvalued and the yuan is undervalued. C) both the yuan and dollar are overvalued. D) the dollar is undervalued and the yuan is overvalued.
Economics
When demand is inelastic,
A) price and revenue move in opposite directions. B) price and revenue are not related. C) price and quantity demanded move in opposite directions. D) price and revenue move in the same direction.
Economics