Author Question: Which of the following actions is most likely to cause a rightward shift in a production ... (Read 51 times)

lbcchick · **on:** Jun 30, 2018

Which of the following actions is most likely to cause a rightward shift in a production possibilities curve PPC?
a. Shifting from the production of one product to the production of another product
b. Shifting all resources to the production of one product
c. Employing idle resources
d. Using fewer resources in production
e. Increasing the technological know-how used in production

Question 2

In a price-leadership oligopoly model, the oligopoly firms engage in price wars.
a. True
b. False
Indicate whether the statement is true or false