A movement from one point to another along the production possibilities curve would imply that:
A. The labor force available to society has grown
B. Productivity has increased over time
C. Productivity has declined over time
D. Society is producing a different combination of outputs
Answer: D
Economics
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Which of the following situations results from a ticket price to a concert set below the equilibrium price? a. A long line of people wanting to purchase tickets to the concert
b. No line of people wanting to buy tickets to the concert. c. Tickets available at the box office, but no line of people wanting to buy them. d. None of the above.
Economics