This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Economic growth can be pictured in a production possibilities curve diagram by A) shifting the ... (Read 109 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
Economic growth can be pictured in a production possibilities curve diagram by
 
  A) shifting the production possibilities curve in.
  B) shifting the production possibilities curve out.
  C) making the production possibilities curve straighter.
  D) moving from a point inside the production possibilities curve to a point on the curve.

Question 2

Why are economic growth and saving related?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bigcheese9

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

To consume more in the future less must be consumed today. That is, saving is necessary for investment to occur, and investment is necessary for economic growth to occur.


renzo156

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
Excellent

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Growth pattern of stem cells Growth pattern of stem cells
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Diagram of the cross section of an axoneme Diagram of the cross section of an axoneme
economic question economic question
economic question economic question
Production of colorless sectors and reversion of the unstable colorless Production of colorless sectors and reversion of the unstable colorless
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library