Author Question: Which of the following would NOT allow society to move to point h in the above figure? A) an ... (Read 45 times)

Yolanda · **on:** Jun 29, 2018

Which of the following would NOT allow society to move to point h in the above figure?

A) an improvement in technology
B) more efficient use of current resources
C) an increase in quantity of labor
D) an increase in quantity of capital

Question 2

An appropriate test of the effectiveness of an economic model is

A) the number of variables contained within the model.
B) the model's ability to predict future economic activity.
C) the number of economists who have worked on the model.
D) the number of assumptions which the economist has made.