Poor economies may have difficulty growing because
a. their production possibilities curves slope upward instead of downward
b. they cannot cut back on their production of consumption goods to increase their production of capital goods
c. they have a solid consumption base already in place
d. their resource bases are fully developed
e. the law of increasing costs makes it hard to produce more goods
B
You might also like to view...
In the above figure if money income increases, the budget line
A) shifts outward and its slope does not change. B) shifts inward and its slope does not change. C) rotates outward and becomes steeper. D) rotates outward and becomes more shallow.
To make agreements that create value and can be enforced, the parties' underlying rights must be clearly defined in the contract
Indicate whether the statement is true or false