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NYC NYC
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8 years ago
Consider two countries, Romania and Ireland. Romania devotes a smaller portion of its production to capital. All other things equal which of the following statements is most likely true?
A) Ireland is producing inside its production possibility frontier, whereas Romania is producing at a point on its production possibility frontier.
B) Ireland's production possibility frontier will shift up and out farther and faster than Romania's.
C) Romania is a poorer country than Ireland.
D) Romania will move up its production possibility curve faster than Ireland.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Good answer, thanks.
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