Which of the following causes the production possibilities curve to shift to the right?
a. d and e.
b. c and e.
c. A war.
d. The development of a new technology that improves productivity.
e. The discovery of oil reserves.
a
Economics
You might also like to view...
A lawyer quits his job at a top legal firm where he was making $100,000 per year. He was just informed that his late aunt has bequeathed to him $1 million in cash. He decides to use all of the money to open and run his own hardware store
Assume at the end of the first year of business that his accountant has informed him that he earned a $90,000 accounting profit. Why would an economist not be quite as impressed? Explain.
Economics
The difference between the nominal interest rate and the rate of inflation is: a. the prime rate
b. the real interest rate. c. the discount rate. d. coupon rate.
Economics