Author Question: The development of a low-cost synthetic fuel is expected to cause a decrease in the price of oil. ... (Read 58 times)

P68T · **on:** Jun 30, 2018

The development of a low-cost synthetic fuel is expected to cause a decrease in the price of oil.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Approximately two decades after a baby boom, one could expect:
a. production to change from an interior point to a point along the production possibilities curve.
b. a movement along the production possibilities curve from one point to another.
c. an outward shift of the production possibilities curve along both axes.
d. an inward shift of the production possibilities curve.