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Technological improvements will
a. leave the production possibilities curve unchanged
b. shift the production possibilities curve inward
c. shift the production possibilities curve outward
d. necessarily lead to increased unemployment

my answer is C

Which of the following is not a factor of production
a. labor
b. machines and buildings
c. land
d. money

m answer is ... I think the answer is land A

An example of a positive statement is
a. the rate of unemployment is 4 percent
b. a high rage of economic growth is good for the country
c. everyone in the country need to be covered by national health insurance
d. Baseball players should not be paid higher salaries than the president of the United States.
My answer is C because Positive economics is the branch of economic analysis that describes the way the economy actually works

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Technological improvements will
a. leave the production possibilities curve unchanged
b. shift the production possibilities curve inward
c. shift the production possibilities curve outward
d. necessarily lead to increased unemployment ...

Purchase this Solution


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