the production possibilities model, economic decay is illustrated by: An inward shift of the production possibilities curve An outward shift of the production possibilities curve The downward slope of the production possibilities curve Moving from a point inside the current production possibilities curve to a point on the current production possibilities curve
the production possibilities model, economic decay is illustrated by: An inward shift of the production possibilities curve An outward shift of the production possibilities curve The downward slope of the production possibilities curve Moving from a point inside the current production possibilities curve to a point on the current production possibilities curve
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 11SQP
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Question
In the production possibilities model, economic decay is illustrated by:
-
- An inward shift of the
production possibilities curve - An outward shift of the production possibilities curve
- The downward slope of the production possibilities curve
- Moving from a point inside the current production possibilities curve to a point on the current production possibilities curve
- An inward shift of the
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