Author Question: A country has had its per capital real GDP remain constant for several years. During this period ... (Read 64 times)

littleanan · **on:** Jun 29, 2018

A country has had its per capital real GDP remain constant for several years. During this period this country

A) has not experienced any economic growth.
B) may have experienced economic growth if the average hours worked per week have fallen.
C) will have experienced an inward shift of the production possibilities curve.
D) will have an increase in the number of poor people.

Question 2

All points inside the production possibilities curve indicate

A) a lack of sufficient supply.
B) inefficiency in production.
C) the law of increasing relative cost.
D) the law of decreasing relative cost.