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

Author Question: The process through which an economy's production possibilities curve shifts outward is: a. ... (Read 129 times)

chandani

  • Hero Member
  • *****
  • Posts: 541
The process through which an economy's production possibilities curve shifts outward is:
 a. full-employment management. b. investment.
  c. resource renewal. d. out-resourcing.

Question 2

Which of the following is true?
 a. The production possibilities curve indicates that it will be impossible to expand total output with the passage of time.
  b. As long as resources are scarce, output cannot be increased.
  c. The size of the economic pie is fixed, and therefore, if one individual has more income, others must have less.
  d. Over time, the output of goods and services can be increased through human ingenuity and discovery of better ways of doing things.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joneynes

  • Sr. Member
  • ****
  • Posts: 376
Answer to Question 1

b

Answer to Question 2

d




chandani

  • Member
  • Posts: 541
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

For a complete list of videos, visit our video library