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Author Question: A production possibilities frontier can shift outward for all of the following reasons except one. ... (Read 63 times)

EAugust

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on: Jul 1, 2018
A production possibilities frontier can shift outward for all of the following reasons except one. Which is the exception?
 a. a decrease in the unemployment rate
  b. an improvement in labor skills
  c. an improvement in technology
  d. a larger work force
  e. a larger capital stock

Question 2

An improvement in technology would
 a. enable the economy to produce outside its original production possibilities frontier
  b. enable the economy to move along its original production possibilities frontier
  c. eliminate scarcity; therefore, the production possibilities frontier would no longer exist
  d. have no effect on the production possibilities frontier
  e. change the production possibilities frontier to a line with a positive slope


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tofugiraffe

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


EAugust

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Reply 2 on: Jul 1, 2018
Gracias!

mcabuhat

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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