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Author Question: Which of the following affects the rate of economic growth? a. the quality of available resources. ... (Read 70 times)

ENagel

  • Hero Member
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  • Posts: 540
on: Jun 30, 2018
Which of the following affects the rate of economic growth?
 a. the quality of available resources.
  b. the quantity of available resources.
  c. technological change.
 d. all of the above.

Question 2

Which of the following does the production possibilities curve illustrate?
 a. The tradeoffs facing a society
  b. The fact that more of one product can be produced only by reducing the quantity of other products that are being produced, assuming that resources are being used efficiently
  c. The maximum output that can be produced with a limited amount of resources
  d. The opportunity cost of alternative choices
  e. All of these


yotaSR5

  • Sr. Member
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  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

e


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