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Author Question: A nation's production possibilities curve PPC will shift outward if its workers receive better ... (Read 112 times)

leo leo

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on: Jun 30, 2018
A nation's production possibilities curve PPC will shift outward if its workers receive better training.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

How would an economist respond to the following statement: Wanting more goods makes us greedy.


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polinasid

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

Economists do not view the unlimited human desire for goods and services to be an indication of greediness. Economists assume that all individuals want more resources in order to reach greater levels of satisfaction (whether to benefit yourself, your family, or others).


leo leo

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

zacnyjessica

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Reply 3 on: Yesterday
Excellent

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