Friday, August 7, 2009

Which of the following will shift an economy's production possibilities curve inward?

A) an improvement in technology



B) an increase in the unemplyment rate



C) a decrease in land, labor, or capital



D) a decrease in the unemployment rate



Which of the following will shift an economy%26#039;s production possibilities curve inward?





C



you have to have land labor and capital to produce output. If there is a decrease in any of them, the amount of output that you can produce has to fall



Which of the following will shift an economy%26#039;s production possibilities curve inward?

loan



Explain %26#039;inward%26#039;.. You%26#039;re using %26#039;production curve%26#039; on a chart, I presume. Otherwise, nice question.|||probably C.



A would shift the curve outward



B and D wouldn%26#039;t matter because unemployment doesn%26#039;t effect the possibility.|||C.

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