Author Question: A major technological advance would be represented on a production possibilities curve by a(n): a. ... (Read 90 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
A major technological advance would be represented on a production possibilities curve by a(n):
 a. movement off the production possibilities curve toward a point outside the curve.
  b. movement toward the curve from a point inside the curve.
  c. outward shift of the entire curve.
  d. movement to the left along the curve to a higher point.

Question 2

Robinson Crusoe's decision to produce more capital goods and fewer consumer goods in a given period causes:
 a. a decrease in the resources available in its economy.
  b. an increase in economic growth in future periods.
  c. a decrease in economic growth in future periods.
  d. no change in the availability of resources in its economy.
  e. a decrease in the ability to produce goods in the next period.



Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

c

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

For a complete list of videos, visit our video library