Question 1
Refer to the information provided in Figure 31.1 below to answer the question(s) that follow.
Refer to Figure 31.1. Economic growth is represented by
◦ a movement from Point
A to Point
B along
ppf1.
◦ a movement from Point
B to Point
C.
◦ a movement from Point
B to Point
A.
◦ a shift in the production possibilities frontier from
ppf2 to
ppf1.
Question 2
Refer to the information provided in Figure 31.1 below to answer the question(s) that follow.
Refer to Figure 31.1. Which of the following causes the
ppf to shift from
ppf
2 to
ppf
3?
◦ technological progress
◦ a decrease in capital stock
◦ a decrease in the labor force
◦ an increase in the population