This topic contains a solution. Click here to go to the answer

Author Question: In order for Ethiopia to increase its future economic growth, it must choose a point that is: a. ... (Read 28 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
In order for Ethiopia to increase its future economic growth, it must choose a point that is:
 a. below its production possibilities curve.
  b. further along on its production possibilities curve toward the capital goods axis.
  c. further along on its production possibilities curve toward the consumption goods axis.
  d. further along on its production possibilities curve away from the population axis.
  e. above its production possibilities curve.

Question 2

Economic growth is represented by a:
 a. rightward shift of the rule of 72 curve.
 b. movement along a production possibilities curve.
 c. rightward shift in potential real GDP (LRAS).
 d. leftward shift of the long-run aggregate supply curve (LRAS).



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elizabethrperez

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

b

Answer to Question 2

c




karlynnae

  • Member
  • Posts: 599
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

For a complete list of videos, visit our video library