Friday, July 8, 2011

Current production at which labeled point in Exhibit 2-7 would lead to the largest outward shift in the production possibilities frontier in a later

ECONOMICS

Multiple Choice

Current production at which labeled point in Exhibit 2-7 would lead to the largest outward shift in the production possibilities frontier in a later year?

a.point a because this point represents a greater consumption level than point b

b.point b because this point represents greater total production than the other two points

c.point c because this point represents a greater consumption level than the other two points

d.point b because this point represents greater production of capital than point c

e.point c because this point represents greater production of capital than the other two points

Click here for the SOLUTION

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