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Author Question: Reductions in available resources will cause the production possibilities curve to: a. expand. b. ... (Read 47 times)

appyboo

  • Hero Member
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  • Posts: 527
on: Jun 30, 2018
Reductions in available resources will cause the production possibilities curve to:
 a. expand. b. disappear.
  c. become vertical. d. shift inward.

Question 2

In order for an economy to shift its production possibilities curve rightward, it must:
 a. suffer resource unemployment.
  b. experience an increase in its resources and/or an improvement in its technology.
  c. use its resources more efficiently than at points along the curve.
  d. all of these.


kmb352

  • Sr. Member
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  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


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