10. Assuming the PPF is shifting from PPFO to PPFn, which of the following explains the cause or causes of the economic growth depicted in this Figure? O a) This Figure represents growth due to an increase in resources and/or improvement in technology that are specific to the production of X. O b) This Figure represents growth due to an increase in resources and/or improvement in technology that are specific to the production of Y. O c) This Figure represents growth due to an increase in resources and/or improvement in technology that are not specific to either product. O d) This Figure represents growth due to an increase in specialization.

According to the text, European countries' growth rates of real GDP per capita Select one: O a. decreased in the first two decades after 1980 and then increased in the following two decades. O b. decreased during each of the four decades beginning 1980. O c. followed a random pattern during the four decades beginning 1980. O d. remained constant during each of the four decades beginning 1980.

1. Economic models Consider the following production possibilities frontier model for an economy that produces only two goods: bartey and cars. 100 80 PPF 20 20 40 60 60 100 BARLEY (Miions of busheis) CARS (Miions)

Explain

Which of the following statements about the opportunity cost of economic growth is correct? The opportunity cost of economic growth O A. is human capital O B. is capital consumption O C. is greater the faster we make our production grow O D. is zero

3/25/22, 10:54 PM Assignment Print View 3. The graphs below show the production possibilities frontiers for apples and peaches in Italy and Turkey. (i Italy's Production Possibilities 4.0 3.6 3.2 2.8 A 2.4 2.0 1.6 1.2 0.8 0.4 Peaches (millions of tons) https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=3.&postSubmissionView=13252718360410217&wid=13252718466068729&rol... 1/3 5.2 4.8 4.4 Y4.0 3.6 3.2 2.8 2.4 2.0 1.6 0.8 0.4 Apples (millions of tons)

I think my answer is right. How would you read this graph?

Exhibit: Sugar and Freight Trains Tons of sugar per period 244 225 180 100 23 O 19 tons of sugar. 45 tons of sugar. 80 tons of sugar. O 3 freight trains. 2 3 O 4 Quantity of freight trains per period Suppose the economy is operating at point C. The opportunity cost of producing the fourth freight train would be:

N6

1..