Author Question: An increase in the nation's capital stock will A) shift the PPF outward. B) cause a movement ... (Read 214 times)

Cooldude101 · **on:** Jun 29, 2018

An increase in the nation's capital stock will

A) shift the PPF outward.
B) cause a movement along the PPF up and to the left.
C) cause a movement along the PPF down and to the right.
D) move the nation from producing within the PPF to producing at a point closer to the PPF.

Question 2

When the demand curve shifts rightward and the supply curve shifts leftward, then the equilibrium price ________ and the equilibrium quantity ________.

A) rises; decreases
B) falls; increases
C) rises; probably changes but the direction of the change cannot be determined
D) probably changes but the direction of the change cannot be determined; increases