Author Question: A price floor does not benefit producers. a. True b. False Indicate whether the statement is true ... (Read 77 times)

joesmith1212 · **on:** Jun 30, 2018

A price floor does not benefit producers.
a. True
b. False
Indicate whether the statement is true or false

Question 2

When more resources in an economy are devoted to the production of capital goods:
a. the production possibilities curve shifts inward.
b. the production possibilities curve in the current period shifts inward, but shifts outward in the future.
c. the production possibilities curve shifts outward next in the future.
d. the production possibilities curve is unchanged from period to period.