none of the above 4. Which of the following statements is true? O O Productive e
ID: 1149223 • Letter: N
Question
none of the above 4. Which of the following statements is true? O O Productive efficiency implies that it is possible to produce more of one good and no less of O Productive inefficiency implies that it is impossible to produce more of one good and no O Productive inefficiency implies that it is possible to produce more of one good and no less O none of the above Productive inefficiency implies that it is possible to produce more of one good and no less of another, but only if additional resources are made available another, even without additional resources less of another of another, even without additional resources 5. An advance in technology causes a rightward shift in the Production Possibilities Frontier (PPF) O a leftward shift in the PPF O the PPF t go from downward sloping to vertical O the PPF to be a constant slope O a, b, and c 6. In the production possibilities framework, economic growth is depicted by the PPF a shift outward in the PPF O a shift inward in the PPF O the slope of the PPF becoming steeper O a movement from one point along the PPF to another point along the same PPF O none of the above 7. Jose has one evening in which to prepare for two exams and can employ two possible strategles: Score in Statistics Score in. StrategyExplanation / Answer
4. Option 4
Because in a PPF graph, when an economy shifts from inefficient region to region it is possible to obtain more of one good without losses in another
5. Option 1
Because with the advancement of technology, with the current resources more output can produced reducing losses which shifts the PPF graph outward towards right
6. Option 1
Here too when the economy produces more output, the PPF graph pushes outwards towards right
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