« previous next »

Author Question: Consider a production possibilities curve for an economy producing bicycles and video game players. ... (Read 104 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
Consider a production possibilities curve for an economy producing bicycles and video game players. It is possible to increase the production of bicycles without sacrificing video game players if:
 a. the production possibilities curve shifts outward due to technological progress.
 b. the production possibilities curve shifts outward due to increased immigration (which enlarges the labor force).
  c. the economy moves from a point inside the production possibilities curve to a point on the curve.
 d. any of the above occur.

Question 2

An increase in the ____ interest rate will lead to an increase in the ____.
 a. nominal; demand for loanable funds
 b. nominal; supply of loanable funds
 c. real; quantity of loanable funds supplied
  d. real; quantity of loanable funds demanded


jamesnevil303

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy
Great Britain Production of Glass 1800s Great Britain Production of Glass 1800s
North America and the Global Economy North America and the Global Economy
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
RÜFÜS DU SOL Treat You Better (Official Full Length Video) RÜFÜS DU SOL Treat You Better (Official Full Length Video)
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library