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Author Question: A small increase in the annual rate of economic growth can lead to a larger increase in growth over ... (Read 183 times)

TFauchery

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on: Jun 29, 2018
A small increase in the annual rate of economic growth can lead to a larger increase in growth over time due to the effects of
 
  A) the money supply.
  B) compounding.
  C) regression towards the mean.
  D) averaging.

Question 2

The production possibilities curve bows outward because
 
  A) opportunity costs are decreasing as the production of a good increases.
  B) opportunity costs are increasing as the production of a good increases.
  C) opportunity costs are fixed as the production of a good increases.
  D) resources are of uniform quality.


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Swizqar

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


TFauchery

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Reply 2 on: Jun 29, 2018
Excellent

ktidd

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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