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.

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.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter8: Productivity And Growth

Section: Chapter Questions

Problem 1.2P

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