Author Question: A small increase in the annual rate of economic growth can lead to a larger increase in growth over ... (Read 162 times)

TFauchery · **on:** Jun 29, 2018

A small increase in the annual rate of economic growth can lead to a larger increase in growth over time due to the effects of

A) the money supply.
B) compounding.
C) regression towards the mean.
D) averaging.

Question 2

The production possibilities curve bows outward because

A) opportunity costs are decreasing as the production of a good increases.
B) opportunity costs are increasing as the production of a good increases.
C) opportunity costs are fixed as the production of a good increases.
D) resources are of uniform quality.