Author Question: Economic growth is shown on the production possibilities frontier as A) a movement from one point ... (Read 88 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
Economic growth is shown on the production possibilities frontier as
 
  A) a movement from one point on the PPF to another.
  B) an outward shift in the PPF.
  C) an inward shift in the PPF.
  D) the curvature of the PPF.

Question 2

The initial supply and demand curves for a good are illustrated in the above figure. If there is a rise in the price of a factor of production used to produce the good, then the new equilibrium price
 
  A) is less than 6.
  B) is 6.
  C) is more than 6.
  D) could be less than, equal to, or more than 6.



ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

For a complete list of videos, visit our video library