If Country a Has Been Investing a Larger Proportion of Its

question 216

Multiple Choice

If country A has been investing a larger proportion of its domestic output than Canada has, then, we would expect:

• A)a higher rate of growth of domestic output in country A than in Canada.
• B)greater rightward shifts in country A's production possibilities curve as compared to Canada.
• C)that in the long run living standards would rise more rapidly in country A than in Canada.
• D)all of the above to happen.

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Definitions:

Catastrophe

An event causing great and often sudden damage or suffering; a disaster.

Independent of One Another

A condition where the occurrence or outcome of one event does not affect the occurrence or outcome of another.

Annual Profit

The total earned income of a business over one year after all expenses have been subtracted.

Normal Model

Another term for the normal distribution, highlighting its role as a foundational model in statistics for randomized data.