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Author Question: When observing economic growth and literacy rates, it is clear that: a. economic growth causes ... (Read 164 times)

codyclark

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on: Jun 30, 2018
When observing economic growth and literacy rates, it is clear that:
 a. economic growth causes higher literacy rates.
 b. economic growth may be a consequence of improved education.
 c. improved levels of education may be the result of increasing economic growth.
  d. all of the above are likely to be true.

Question 2

Which of the following is an assumption made while constructing a production possibilities frontier PPF?
 a. Dynamic technological know-how
  b. Flexible resource quality
  c. Fixed resource quantity
  d. Full and efficient use of resources
  e. Flexible money supply


Juro

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

d

Answer to Question 2

d


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