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19. The opportunity cost of pushing the PPF outward is A) capital accumulation B) technological change. the gain in current consumption. D) reduced future consumption. E) none of the above.

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Hubert Koch
Hubert KochLv2
24 Nov 2018
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Related questions

18) The growth of capital resources, including human capital is A) technological change. B) opportunity cost. C) capital accumulation. D) depreciation E) none of the above.

In general, the higher the proportion of resources devoted to technological research in an economy, the A) greater will be current consumption. B) closer it will come to having a comparative advantage in the production of all goods. C) more bowed out the shape of the PPF will be. faster the PPF will shift inward. faster the PPF will shift outward.

1. Who benefits from voluntary trade?

a. buyers 

b. sellers 

c. buyers and sellers

d. the government

e. buyers and the government

 

2. The usual purpose of an experiment is to

a. observe an interesting phenomenon.

b. test a model that is based on a hypothesis.

c. formulate a hypothesis that explains a phenomenon.

d. construct a model based on a hypothesis.

e. turn a hypothesis into a theory.

 

3. An increase in general resources that affects the production of both goods on a production possibilities frontier (PPF) would cause an

a. inward shift of the PPF.

b. outward shift of the PPF.

c. outward rotation along the x-axis.

d. outward rotation along the y axis.

d. increase in opportunity cost.

 

4. Goods that are produced for current consumption are called ___________ goods.

a. investment

b. normal

c. opportunity

d. consumer

e. capital

 

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