Over time, an increase in a nation's stock of physical capital will:
a. shift the production possibilities curve inward.
b. cause an economy to operate inside its production possibilities curve.
c. shift the production possibilities curve outward.
d. eliminate the basic economic problem of scarcity.
c
Economics
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Gross Domestic Product in 2013 was almost five times larger than it was in 1960 but it is important to note that
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What are private goods? Mention two important attributes of private goods
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