Refer to the above production possibilities curves

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Mathematical Applications for the Management, Life, and Social Sciences
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Chapter 14 / Exercise 8
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
127. Refer to the above production possibilities curves. Curve (a) is the current curve for the economy. A shift from curve (a) to curve (b) suggests:A) A shift from unemployment to full employmentB) An improvement in capital goods technology but not in consumer goods technologyC) An improvement in consumer goods technology but not in capital goods technologyD) A change in the needs and wants of the societyAnswer: BTopic: Unemployment, growth, and the futureDifficulty: 2 MediumLearning Objective: 01-06Bloom’s: Level 3 ApplyAACSB: AnalyticRefer To: 01-126[QUESTION]
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Mathematical Applications for the Management, Life, and Social Sciences
The document you are viewing contains questions related to this textbook.
Chapter 14 / Exercise 8
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
128. Refer to the above production possibilities curves. Curve (a) is the current curve for the economy. Other things being equal, society's current choice of point Pon curve (a) will:
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N
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Topic: Unemployment, Growth, and the Future Difficulty: 3 HardLearning Objective: 01-06Bloom’s: Level 3 ApplyAACSB: AnalyticRefer To: 01-126[QUESTION]129. Suppose there are two economies, Alpha and Beta, which have the same production possibilities curves. If Beta devotes more resources to produce investment goods than consumer goods as compared to Alpha, then in the future:
Topic: Unemployment, Growth, and the FutureDifficulty: 2 MediumLearning Objective: 01-06Bloom’s: Level 3 ApplyAACSB: Analytic[QUESTION]130. Cuba is a command economy that suffered a decline in economic growth because of a cut in support from the former Soviet Union when it collapsed. As a consequence, Cuba:A) Experienced an outward shift of its production possibilities curveB) Experienced an inward shift of its production possibilities curveC) Moved along its existing production possibilities curveD) Went to a point inside its production possibilities curveAnswer: BTopic: Unemployment, Growth, and the FutureDifficulty: 2 MediumLearning Objective: 01-06Bloom’s: Level 3 ApplyAACSB: Analytic[QUESTION]

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