An increase in growth rates will cause: a. an inward shift of an ...

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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

[bigsis44]

Answer to Question 1

b

Answer to Question 2

e

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TYSM

[olderstudent]

Excellent