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Author Question: Moving on a bowed out PPF, what happens to the opportunity cost of its production as a nation ... (Read 32 times)

kshipps

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on: Jun 29, 2018
Moving on a bowed out PPF, what happens to the opportunity cost of its production as a nation specializes more in one product?
 
  What will be an ideal response?

Question 2

Which of the following shifts the supply of loanable funds curve?
 
  A) change in investment demand
  B) change in animal spirits
  C) change in the real interest rate
  D) change in disposable income
  E) change in expected profit


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Madisongo23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The bowed out PPF indicates that as the amount of the good produced increases, the good's opportunity cost increases.

Answer to Question 2

D


kshipps

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Reply 2 on: Jun 29, 2018
Excellent

sultansheikh

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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