1. True or false? Explain your answer. a. An increase in the amount of resources available to...

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1. True or false? Explain your answer.

a. An increase in the amount of resources available to Tom for use in producing coconuts and fish does not change his production possibilities curve.

b. A technological change that allows Tom to catch more fish relative to any amount of coconuts gathered results in a change in his production possibilities curve.

c. Points inside a production possibilities curve are efficient and points outside a production possibilities curve are inefficient.

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Krugmans Economics For AP

ISBN: 9781464122187

2nd Edition

Authors: Margaret Ray, David Anderson

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