Question
If the production possibility frontier shifts to the right and parallel, this reflects: an increase in resources none of these a reduction of resources--such as
If the production possibility frontier shifts to the right and parallel, this reflects:
an increase in resources
none of these
a reduction of resources--such as in a time of war
an increase in technology in the production of one good
Give explanation also
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
