A source of economic growth is:
a. unemployment. b. inefficiency.
c. less resources. d. greater entrepreneurship.
QUESTION 2Economic growth may be represented by a(n):
a. leftward shift of a production possibilities curve.
b. outward shift of a production possibilities curve.
c. movement along a production possibilities curve.
d. production possibilities curve that remains fixed.
QUESTION 3Which of the following cause(s) economic growth?
a. c and d.
b. d and e.
c. The production of more scarce goods
d. A technological improvement
e. The production of more capital goods
QUESTION 4The production possibilities curve for the nation of Economagic shifts to the left. This could have been caused by:
a. an increase in Economagic's labor supply.
b. innovation in the production of goods in Economagic.
c. a war that destroyed some of Economagic's resource base.
d. unemployment among Economagic's workers.
e. Economagic's choice of more consumption and less capital last period.
QUESTION 5The production possibilities curve for the nation of Economania shifts to the right. This could have been caused by:
a. a decrease in Economania's capital stock.
b. a decrease in the Economania's labor supply.
c. high unemployment in Economania the previous time period.
d. Economania producing all consumer goods in the previous period.
e. technological innovation in the production of Economania goods.
QUESTION 6An outward shift of an economy's production possibilities curve is caused by:
a. an increase in capital. b. an increase in labor.
c. an advance in technology. d. all of these.
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