If population is expanding at a faster rate than a country's real output is expanding:
a. real per capita output would increase.
b. real per capita output would decrease.
c. the production possibilities curve for the country as a whole will be shifting outward.
d. both (b) and (c) would be true.
Question 2
If you have a choice between studying and doing another activity, you will devote your time to studying as long as the additional benefit of studying is greater than the additional cost of studying.
a. True
b. False
Indicate whether the statement is true or false
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