Author Question: Consider a production possibilities curve for an economy producing bicycles and video game players. ... (Read 125 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
Consider a production possibilities curve for an economy producing bicycles and video game players. It is possible to increase the production of bicycles without sacrificing video game players if:
 a. the production possibilities curve shifts outward due to technological progress.
 b. the production possibilities curve shifts outward due to increased immigration (which enlarges the labor force).
  c. the economy moves from a point inside the production possibilities curve to a point on the curve.
 d. any of the above occur.

Question 2

An increase in the ____ interest rate will lead to an increase in the ____.
 a. nominal; demand for loanable funds
 b. nominal; supply of loanable funds
 c. real; quantity of loanable funds supplied
  d. real; quantity of loanable funds demanded



jamesnevil303

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

d

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

For a complete list of videos, visit our video library