Author Question: Assuming an economy is already experiencing full employment, then it must produce more consumer ... (Read 45 times)

Kikoku · **on:** Jun 30, 2018

Assuming an economy is already experiencing full employment, then it must produce more consumer goods and fewer capital goods if it wishes to experience greater rates of economic growth over time.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A nation's current location on its production possibilities curve can determine the future location of that nation's production possibilities curve.
a. True
b. False
Indicate whether the statement is true or false