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Author Question: An increase in growth rates will cause: a. an inward shift of an economy's production possibilities ... (Read 20 times)

ap345

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on: Jun 30, 2018
An increase in growth rates will cause:
 a. an inward shift of an economy's production possibilities curve.
 b. an outward shift of an economy's production possibilities curve.
 c. a movement from a point on an economy's production possibilities curve to a point inside the curve.
  d. an economy's production possibilities curve to slope upward.

Question 2

Economists refer to the ability of one person or nation to do something with a lower opportunity cost than another as _____.
 a. voluntary trade
  b. specialization
  c. gains from trade
  d. absolute advantage
  e. comparative advantage


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bigsis44

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


ap345

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Reply 2 on: Jun 30, 2018
Excellent

JaynaD87

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Reply 3 on: Yesterday
:D TYSM

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