Please Answer Correctly 1.)Output combinations beyond the production possibility frontier result in more rapid growth. are associated
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Question:
Please Answer Correctly
1.)Output combinations beyond the production possibility frontier
result in more rapid growth.
are associated with unused resources.
are attainable only with the full utilisation of all resources.
are unattainable.
2.) The PPF shifts inward as a result of
a decrease in the production of consumption goods.
an increase in R&D (research and development) expenditures.
an increase in population.
the destruction of a portion of the capital stock.
3.) The law of demand states that, as the price of a good rises, the quantity demanded decreases.*
True
False
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