Shifting the curve up and out

I have a problem in economics on shifting the curve up and out. Please help me in the following question. Economic growth is described with the production possibility curve by: (1) Moving all along the curve. (2) Shifting the curve down and in. (3) Shifting the curve up and out. (4) The point beneath the curve.

Choose the right answer.

View Complete Question

Related Questions in Econometrics

Q : Problem on Allocative Mechanisms The

The allocation method not paired with a suitable illustration would be: (1) Merit - awarding improved grades to the students who perform excellent on an exam. (2) Arbitrary selection - Congress activates a draft to safe soldiers to serve up in Iraq. (

Q : War-time capitalism and fascism Private

Private property ownership however with strong govt. decision-making regarding resource utilization is the characteristic of: (i) War-time capitalism, and fascism. (ii) Communism and Socialism. (iii) Primitive agriculture. (iv) Anarchy and utopianism.

Q : Feudal cultures-Allocative Mechanisms

The Feudal cultures in which the parents arrange marriages of their young children tend to rely relatively greatly on: (1) Tradition. (2) Arbitrary selection. (3) Central planning. (4) Queuing. (5) The market system. Can someone please help me in finding out the accurate

Q : Capitalistic economies of wars Even if

Even if most resources are privately owned, most of the major economic decisions are made by the government if: (i) Decentralized planners respect the Soviet economy. (ii) Laissez faire policies are national goal. (iii) Capitalistic economies assemble

Q : Diminishing Returns-Concave from origin

The inevitability of ultimately raising opportunity costs might be employed to explain why: (1) Scarcity is the worsening problem in industrial societies. (2) Production possibilities frontiers are concave from origin. (3) Services cost more than good

Q : Distribution In the quintile

In the quintile distribution of income, the term "quintile" represents?

Q : Technology and Economic Growth

Technological advances in the food production would make it probable to generate: (1) 40 units of food and a few clothing. (2) More than 40 units of food. (3) 70 units of clothing and greater than 20 units of food. (4) All of the above.

Q : Allocative Mechanisms-Random Selection

I have a problem in economics on Random Selection. Please help me in the following question. Rights to drill for the oil on government property are frequently assigned by lottery. If you are blessed you win drilling rights by just submitting your name

Q : Shifting the curve up and out I have a

Q : Maximum output in absence of

In the nonattendance of diminishing returns, the maximum output of food from the flower pot (or land) and limitless amounts of other resources would be sufficient to feed: (1) The grasshopper. (2) One skinny family. (3) One mouse. (4) All of the world.

Discover Q & A

Leading Solution Library

Avail More Than 1446560 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1947572
Asked

3,689

Active Tutors

1446560

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment