A movement along the production possibilities curve would imply that:

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the enrollment

If the university wants to increase its total revenue, it should ________ tuition because the demand for education at this university is ________. A) raise; elastic B) not raise; elastic C) raise; inelastic D) not raise; inelastic

Countries with a low standard of living have low levels of total factor productivity. List 5 reasons that account for the low levels of total factor productivity

What will be an ideal response?