4. An increase in the nation's capital stock will shift the PPC outward. move the nation from producing within the PPC to producing at a point closer to the PPC. cause a movement along the PPC down and to the right. cause a movement along the PPC up and to the left.
4.
An increase in the nation's capital stock will
shift the PPC outward.
move the nation from producing within the PPC to producing at a point closer to the PPC.
cause a movement along the PPC down and to the right.
cause a movement along the PPC up and to the left.
5.
Which of the following statements regarding the
Points on the curve are less efficient than points inside the curve.
None of the statements is true because all of the above statements are false.
Points outside the curve are attainable.
Points inside the curve are attainable.
6.When the production possibilities curve bows outward from the origin,
opportunity costs are decreasing.
opportunity costs are increasing.
some of society's resources are
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