When observing economic growth and literacy rates, it is clear ...

[codyclark]

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]

Answer to Question 1

d

Answer to Question 2

d