Author Question: A movement along the production possibilities curve would imply that A) the labor force has ... (Read 81 times)

kshipps · **on:** Jun 29, 2018

A movement along the production possibilities curve would imply that

A) the labor force has grown.
B) productivity has increased.
C) society has chosen a different set of outputs.
D) productivity has declined because workers are demanding more leisure.

Question 2

A government balanced budget is

A) an excess of government spending over government revenues during a given time period.
B) a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period.
C) the total value of all outstanding federal government securities.
D) all federal government debt irrespective of who owns it.