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

Author Question: The production possibilities curve for the nation of Economagic shifts to the left. This could have ... (Read 29 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
The production possibilities curve for the nation of Economagic shifts to the left. This could have been caused by:
 a. an increase in Economagic's labor supply.
  b. innovation in the production of goods in Economagic.
  c. a war that destroyed some of Economagic's resource base.
  d. unemployment among Economagic's workers.
  e. Economagic's choice of more consumption and less capital last period.

Question 2

The production possibilities curve for the nation of Economania shifts to the right. This could have been caused by:
 a. a decrease in Economania's capital stock.
  b. a decrease in the Economania's labor supply.
  c. high unemployment in Economania the previous time period.
  d. Economania producing all consumer goods in the previous period.
  e. technological innovation in the production of Economania goods.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Carissamariew

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

c

Answer to Question 2

e




Cooldude101

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Wow, this really help


Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

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

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

For a complete list of videos, visit our video library