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Author Question: A movement along the production possibilities curve would imply that A) the labor force has ... (Read 45 times)

kshipps

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on: Jun 29, 2018
A movement along the production possibilities curve would imply that
 
  A) the labor force has grown.
  B) productivity has increased.
  C) society has chosen a different set of outputs.
  D) productivity has declined because workers are demanding more leisure.

Question 2

A government balanced budget is
 
  A) an excess of government spending over government revenues during a given time period.
  B) a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period.
  C) the total value of all outstanding federal government securities.
  D) all federal government debt irrespective of who owns it.


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mcabuhat

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

C

Answer to Question 2

B


kshipps

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Reply 2 on: Jun 29, 2018
Excellent

vickyvicksss

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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