EBK ESSENTIALS OF ECONOMICS
7th Edition
ISBN: 8220102452107
Author: Mankiw
Publisher: CENGAGE L
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Chapter 9, Problem 3PA
Subpart (a):
To determine
The impact of developing the production in one important country.
Subpart (b):
To determine
The impact of developing the production in one important country.
Sub part(c):
To determine
The impact of developing the production in one important country.
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'producing more goods and services lowers environmental quality' is not the correct answer.
A movement along an economy's production possibility frontier with output on one axis and environmental
quality on the other shows that:
technological improvements may lead to a sustainable economy with higher consumption in the future
and better an improved environment.
producing more goods and services lowers environmental quality.
producing more goods and services raises environmental quality.
a high use of natural resources to produce more goods and services today may lead to an unsustainable
economy with lower consumption in the future.
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EBK ESSENTIALS OF ECONOMICS
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