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Author Question: The bowed-outward shape of a PPF A) is due to capital accumulation. B) reflects the unequal ... (Read 20 times)

ARLKQ

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on: Jun 29, 2018
The bowed-outward shape of a PPF
 
  A) is due to capital accumulation.
  B) reflects the unequal application of technology in production.
  C) illustrates the fact that no opportunity cost is incurred for increasing the production of the good measured on the horizontal axis but it is incurred to increase production of the good measured along the vertical axis.
  D) is due to the existence of increasing opportunity cost.

Question 2

An increase in nominal GDP could result from an increase in
 
  i. production.
  ii. prices.
  iii. subsidies.
  A) i only
  B) ii only
  C) i and ii
  D) i and iii
  E) i, ii, and iii


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meganlapinski

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

D

Answer to Question 2

C


ARLKQ

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

miss.ashley

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

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