A movement along the production possibilities curve would imply ...

[kshipps]

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.

[mcabuhat]

Answer to Question 1

C

Answer to Question 2

B

[kshipps]

Thanks for the timely response, appreciate it

[debra928]

Gracias!