Expanding the supplies of raw materials, capital equipment, effective labor, and technological knowledge will:
A. Shift outward the production possibilities curve for a nation
B. Increase the demand for and decrease the supply of productive resources
C. Make a nation less productive because of the need to coordinate the increased quantity of resources
D. Lead to increased population growth that will decrease the per capita growth in a nation
A. Shift outward the production possibilities curve for a nation
You might also like to view...
An inferior good
a. has a negative income elasticity. b. is one where the demand curve shifts to the left when income goes up. c. exists only in theory. d. is a low-quality good. e. Both a and b are true.
Refer to the data. The four-firm concentration ratio for this industry is:
A. 90 percent.
B. 95 percent.
C. 100 percent.
D. indeterminate because we don't know which four firms are included.