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Author Question: When economic growth occurs, the A) economy moves along its production possibilities frontier. ... (Read 63 times)

a0266361136

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on: Jun 29, 2018
When economic growth occurs, the
 
  A) economy moves along its production possibilities frontier.
  B) production possibilities frontier shifts outward.
  C) production possibilities frontier becomes steeper.
  D) production possibilities frontier shifts outward but no longer limits the amount that can be produced.

Question 2

The equilibrium quantity in the above figure is
 
  A) 200 units.
  B) 300 units.
  C) 400 units.
  D) 600 units.


Brenm

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

B

Answer to Question 2

B


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