In order for a production possibilities curve to shift to the right, which of the following must occur?
A) government involvement
B) increasing consumer wants
C) economic growth
D) reductions in the supply of resources
Answer: C
Economics
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Stagflation can be defined as a combination of ____
a. economic migration and inflation b. economic aggregation and deflation c. economic stagnation and inflation d. economic aggregation and inflation
Economics
A tax imposed on the buyers of a good will
a. raise both the price buyers pay and the effective price sellers receive. b. raise the price buyers pay and lower the effective price sellers receive. c. lower the price buyers pay and raise the effective price sellers receive. d. lower both the price buyers pay and the effective price sellers receive.
Economics