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Author Question: Economic growth can be pictured in a production possibilities curve diagram by A) shifting the ... (Read 102 times)

renzo156

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on: Jun 29, 2018
Economic growth can be pictured in a production possibilities curve diagram by
 
  A) shifting the production possibilities curve in.
  B) shifting the production possibilities curve out.
  C) making the production possibilities curve straighter.
  D) moving from a point inside the production possibilities curve to a point on the curve.

Question 2

Why are economic growth and saving related?
 
  What will be an ideal response?


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bigcheese9

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

B

Answer to Question 2

To consume more in the future less must be consumed today. That is, saving is necessary for investment to occur, and investment is necessary for economic growth to occur.


renzo156

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Joy Chen

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

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