D) resources are not equally suited for alternative uses.Answer: DType: G Topic: 7 E: 27 MI: 27 MA: 27126. Refer to the above diagram. The concept of opportunity cost is best represented by the:....Type: C Topic: 7 E: 31 MI: 31 MA: 31 Show
Get answer to your question and much more 127. Refer to the above diagram. Which of the following positions relative to PP1would be the most likely toresult in a future production possibilities curve of PP3, rather than PP2?Type: G Topic: 7 E: 30 MI: 30 MA: 30 Get answer to your question and much more 128. Refer to the above diagram. An improvement in technology will:A) shift the production possibilities curve from PP1to PP2B) shift the production possibilities curve from PP2to PP1C) move the economy from A to C along PP1.D) move the economy from A, B, or C on PP1to D.Answer: A.. Type: G Topic: 7 E: 30 MI: 30 MA: 30129. Refer to the above diagram. Which one of the following would shift the production possibilities curvefrom PP1to PP2?Type: D Topic: 7 E: 31 MI: 31 MA: 31 Get answer to your question and much more 130. Which of the following statements, if any, is correct for a nation that is producing only consumption andcapital goods?Type: A Topic: 7 E: 32 MI: 32 MA: 32 Get answer to your question and much more Recommended textbook solutions
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Which one of the following would shift the production possibilities curve?Increases in the quantity or quality of resources will shift the PPC outward, making it possible to produce greater quantities of both goods. Increases in the quantity of resources include more land, labor, or capital.
Which of the following will cause an outward shift of the production possibilities curve?The production possibility frontier will shift outward when there is and increase in the productive resources.
Which of the following will not shift an economy's production possibility curve?An improvement in the literacy rate of an economy will not cause an outward shift in the production possibilities curve of the economy as a PPC shifts outwards only when there is an improvement in the state of technology or an increase in the number of resources.
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Other things equal, which of the following would shift an economys production curve to the left
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