A NATION THAT DEVOTES MORE OF ITS RESOURCES TO CAPITAL INVESTMENT...

116. - TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
116.A nation that devotes more of its resources to capital investment is likely to:→ shift outward its production possibilities curve.shift inward its production possibilities curve.increase the slope of its production possibilities curve.decrease the slope of its production possibilities curve. AACSB: AnalyticBlooms: RememberDifficulty: 1 EasyLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Multiple Choice Question Topic: Unemployment, growth, and the future