Author Question: A major technological advance would be represented on a production possibilities curve by a(n): a. ... (Read 74 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
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

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

c

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library