More athletes in the Caribbean start eating yam as they believe it will make them faster and there is currentdrought. Which of the following statements is true?Select one:O a. Both equilibrium price and quantity will fallO b. Both equilibrium price and quantity will increaseO. Equilibrium price will increase but the impact on equilibrium quantity is uncertainO d. Equilibrium quantity will increase but the impact on equilibrium price is uncertain Which of the following scenarios might explain what an economy would be operating inside its productionpossibilities curve?Select one:O a. Because damage to natural resources, such as might be caused by deforestation leading to erosion oftopsoil, has shrunk the land resourceO b. Because of discrimination against employing workers of a certain race or genderO . Because shrinking population has reduced the number of productive workers in the economyO d. Because technological innovations have increased the productivity of labour and capital

At equilibrium price, quantity demanded is equal to quantity supplied. The equilibrium price and…

More athletes in the Caribbean start eating yam as they believe it will make them faster and there is current drought. Which of the following statements is true? Select one: O a. Both equilibrium price and quantity will fall O b. Both equilibrium price and quantity will increase O. Equilibrium price will increase but the impact on equilibrium quantity is uncertain O d. Equilibrium quantity will increase but the impact on equilibrium price is uncertain

More athletes in the Caribbean start eating yam as they believe it will make them faster and there is current drought. Which of the following statements is true? Select one: O a. Both equilibrium price and quantity will fall O b. Both equilibrium price and quantity will increase O. Equilibrium price will increase but the impact on equilibrium quantity is uncertain O d. Equilibrium quantity will increase but the impact on equilibrium price is uncertain

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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The production possibility curve shows all the following except O a. Economic growth O b. The law of demand O c. The supply curve of 2 goods O d. The law of increasing opportunity cost O e. Inefficiency in production
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