Author Question: What determines the position and shape of a society's production possibilities curve? a. the ... (Read 22 times)

JMatthes · **on:** Jun 30, 2018

What determines the position and shape of a society's production possibilities curve?
a. the physical resources of that society
b. the level of technology of the society
c. the number of factories available to the society
d. all of the above

Question 2

The crowding-out effect indicates that increased government borrowing will lead to:
a. an increase in consumption by households and an increase in investment spending by firms.
b. an increase in consumption by households and a decrease in investment spending by firms.
c. a decrease in consumption by households and an increase in investment spending by firms.
d. a decrease in consumption by households and a decrease in investment spending by firms.