The process through which an economy's production possibilities curve is shifted outward is:
A) comparative advantage.
B) economic growth.
C) full employment.
D) specialization.
Ans: B) economic growth.
Economics
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Suppose the production function is given by Q = min{K, L}. How much output is produced when 4 units of labor and 9 units of capital are employed?
A. 13 B. 0 C. 4 D. 9
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