The market supply curve of a good:
a. is the horizontal sum of all the individual supply curves of the good.
b. is the vertical sum of all the individual supply curves of the good.
c. is always steeper than the individual supply curves of the good

Which of the following is most likely to be able to sustain economic growth in an economy?

A) sustained increases in the labor force participation rate B) technological change C) increases in capital per hour worked D) accumulations of economic resources

Exhibit 2-17 Production possibilities curve In Exhibit 2-17, if countries A and B currently have the same production possibilities curve (PPC) as given in the figure, but this year country A locates at point A on its PPC and country B locates at point B on its PPC, then country A:

A. is more efficient than country B. B. will grow at a faster rate than country B. C. will grow at a slower rate than country B. D. is producing more capital goods than country B.