Author Question: In March a factory used new technology to produce its output. Then in August a fire destroys half ... (Read 165 times)

Mimi · **on:** Jun 29, 2018

In March a factory used new technology to produce its output. Then in August a fire destroys half the factory. The new technology shifted the factory's PPF ________ and the fire shifted it ________.

A) inward; outward
B) outward; inward
C) outward; outward
D) inward; inward

Question 2

A political equilibrium can never be reached without voters, firms, politicians and ________.

A) bureaucrats
B) public costs
C) indifference curves
D) market prices