Microeconomic:bio4 - Study guides, Class notes & Summaries
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Exam (elaborations)
Microeconomic: Principles of a changing world Chapter 2
Microeconomic:bio4
Microeconomic:bio4
correct answersExpanding resources 2 reasons for economic growth - correct answerstechnology and training 1.More resources (Labor or Capital). if more resources are available the PPF will move outward. 2.Technology advance. technology can be generally applied in all industries or specific to one certain industry. with more advanced general technology, the PPF will move outward absolute advantage - correct answersAn absolute advantage can exist one country can produce more of a good ...
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