Author Question: A major technological advance would be represented on a production possibilities curve by a(n): a. ... (Read 48 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 can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

For a complete list of videos, visit our video library