Author Question: Economic growth is shown on the production possibilities frontier as A) a movement from one point ... (Read 115 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?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

For a complete list of videos, visit our video library