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Author Question: A technological improvement can cause the production possibilities curve to shift outward because ... (Read 212 times)

roselinechinyere27m

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on: Jun 29, 2018
A technological improvement can cause the production possibilities curve to shift outward because
 
  A) it increases costs and contributes to lower production rates.
  B) maximum feasible outputs of both goods increase.
  C) production will fall, but jobs will be saved.
  D) it causes increases in unemployment.

Question 2

Relative scarcities are indicated by
 
  A) supply and demand being out of equilibrium.
  B) surpluses.
  C) excess demand and excess supply.
  D) relative prices.


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leeeep

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


roselinechinyere27m

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Reply #2 on: Jun 29, 2018
Thank you


leeeep

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Reply #3 on: Jun 29, 2018
No problemo


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