Post by: plus1 on Mar 16, 2019
Question 1
Figure 11-4
Refer to Figure 11-4. Using the per-worker production function in the figure above, the largest changes in an economy's standard of living would be achieved by a movement from
◦ A to B to C.
◦ E to B to D.
◦ C to B to A.
◦ D to B to E.
Question 2
Figure 11-4
Refer to Figure 11-4. Suppose the per-worker production function in the figure above represents the production function for the U.S. economy. If the United States decided to cut its support of university research in half, this would cause a movement from
◦ B to A.
◦ B to E.
◦ B to C.
◦ B to D.
Post by: JYan on Mar 16, 2019
Answer 1
E to B to D.Answer 2
B to E.