Which of the following affects the rate of economic growth?
a. the quality of available resources.
b. the quantity of available resources.
c. technological change.
d. all of the above.
Question 2
Which of the following does the production possibilities curve illustrate?
a. The tradeoffs facing a society
b. The fact that more of one product can be produced only by reducing the quantity of other products that are being produced, assuming that resources are being used efficiently
c. The maximum output that can be produced with a limited amount of resources
d. The opportunity cost of alternative choices
e. All of these
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