Suppose that an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve (PPC) change?
a. The PPC would shift outward on the fish axis, but would not change on the bread axis.
b. The PPC would shift outward equally along both the fish and the bread axes.
c. The PPC would shift inward on the bread axis, but would not change on the fish axis.
d. The PPC would shift inward equally along both the fish and the bread axes.
Question 2
Along a production possibilities curve showing capital and consumption goods production, which of the following pairs are being held fixed?
a. Unemployment and capital goods production.
b. Number of resources and consumption goods production.
c. Composition of the economy's output and number of resources.
d. Capital and consumption goods production.
e. Technology and number of resources.
viper fish 2
Children’s interactions with older siblings may help promote an understanding of other people’s ...
Older people who exercise cognitive skills, like these chess players, retain those skills well into ...
The three possible combinations of spatial summation.
Creating a Continental Economy
How many grams of NO are required to produce 145 g of N2 in the following reaction? 4NH3 + 6NO ...