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Economic growth can be portrayed as a(n):
A.outward shift of the production possibilities curve.
B. inward shift of the production possibilities curve.
C. movement from a point on to a point inside a production possibilities curve.
D. movement from one point to another point on a production possibilities curve.

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Nestor Rutherford
Nestor RutherfordLv2
19 May 2020
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Related questions

As a whole, nations are better off after trade and specialization because of ________.

a. nations can consume along their consumption possibilities curve, which is outside of their production possibilities curve.

b. nations can consume along their consumption possibilities curve, which is inside of their production possibilities curve.

c. nations can consume along their production possibilities curve, which is outside of their consumption possibilities curve.

d. nations experience an inward shift in their production possibilities curve.

Economics growth would be represented by a:

a. Leftward shift in the long-run aggregate supply curve (LRAS)

b. Inward shift of the production possibilities curve.

c. Rightward shift in the long-run aggregate supply curve (LRAS).

d. Movement along the long-run aggregate supply curve (LRAS).

15) Suppose a hurricane causes extensive devastation, destroying houses, roads, schools and factories. What would be the effect of this hurricane on a production possibilities frontier consisting of consumption goods and capital goods? A) There would be a movement from the existing production possibilities frontier inwards towards a point with unused or misallocated resources. B) It would shift inward at all points. C) It would shift outward at all points. D) There would be a movement along the existing production possibilities frontier towards a less capital-intensive point. E) There would be a movement along the existing production possibilities frontier towards a more capital-intensive point.

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