Improvements in technology will shift an economy's production possibilities curve
a. inward, then outward.
b. outward, then inward.
c. outward.
d. inward.
c. outward.
Economics
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Refer to Scenario 3.1. What is the total utility that Andy will receive if he consumes 5 units of potato chips (Qp) and no Cola drink (Qc)?
A) 4 utils B) 10 utils C) 30 utils D) 40 utils E) none of the above
Economics
In the early 1920s,
a. Germany experienced a very high rate of inflation. b. the quantity of German money was declining rapidly. c. the value of German money remained almost constant. d. All of the above are correct.
Economics