Author Question: A major technological advance would be represented on a production possibilities curve by a(n): a. ... (Read 93 times)

tiara099

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A major technological advance would be represented on a production possibilities curve by a(n):
 a. movement off the production possibilities curve toward a point outside the curve.
  b. movement toward the curve from a point inside the curve.
  c. outward shift of the entire curve.
  d. movement to the left along the curve to a higher point.

Question 2

Robinson Crusoe's decision to produce more capital goods and fewer consumer goods in a given period causes:
 a. a decrease in the resources available in its economy.
  b. an increase in economic growth in future periods.
  c. a decrease in economic growth in future periods.
  d. no change in the availability of resources in its economy.
  e. a decrease in the ability to produce goods in the next period.



Kimmy

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Answer to Question 1

c

Answer to Question 2

b



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