Author Question: In the above figure, the movement from point B to point A might be the result of A) an increase ... (Read 81 times)

Destiiny22 · **on:** Jun 29, 2018

In the above figure, the movement from point B to point A might be the result of

A) an increase in government expenditures because of a war.
B) an increase in government expenditures because of increases in education expenditures.
C) an increase in the demand for manufacturing goods because of new technology.
D) a fall in the price level.

Question 2

The production possibilities frontier bows outward because

A) opportunity costs are decreasing as the production of a good increases.
B) opportunity costs are increasing as the production of a good increases.
C) opportunity costs are fixed as the production of a good increases.
D) resources are of uniform quality.