Which would be least likely to cause the production possibilities curve to shift to the right?
A. an increase in the labor force
B. improved methods of production
C. an increase in the education and training of the labor force
D. a decrease in unemployment
Answer: D
Economics
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Suppose the price of crude oil used to produce gasoline rises significantly. At the same time, consumers purchase hybrid cars in great numbers. In the market for gasoline, demand shifts to the ________ and supply shifts to the ________
A) left, left B) left, right C) right, left D) right, right
Economics
What are substitute goods, and how does a change in the price of one substitute good influence the demand for the other?
What will be an ideal response?
Economics