6. In the production possibilities framework, economic growth is depicted by the PPF a shift outward...

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6. In the production possibilities framework, economic growth is depicted by the PPF a shift outward in the PPF a shift inward in the PPF O O the slope of the PPF becoming steeper a movement from one point along the PPF to another point along the same PPF none of the above 00 7. Jose has one evening in which to prepare for two exams and can employ two possible strategies: 0000. 79 17 11 90 13 Strategy A B D Score in Economics 94 The opportunity cost of receiving a 90 on the Statistics exam in terms of the number of points on the Economics exam is 77 Score in Statistics 79 90 8. What is the reason for the law of increasing opportunity costs? O There is no reason: it just is People have varying abilities and those with lower opportunity costs of producing a good produce it before people with higher opportunity costs produce it The price of a good rises as more of it is demanded. As more of a good is produced, the taxes applied to the production of the good rise. c and d 6. In the production possibilities framework, economic growth is depicted by the PPF a shift outward in the PPF a shift inward in the PPF O O the slope of the PPF becoming steeper a movement from one point along the PPF to another point along the same PPF none of the above 00 7. Jose has one evening in which to prepare for two exams and can employ two possible strategies: 0000. 79 17 11 90 13 Strategy A B D Score in Economics 94 The opportunity cost of receiving a 90 on the Statistics exam in terms of the number of points on the Economics exam is 77 Score in Statistics 79 90 8. What is the reason for the law of increasing opportunity costs? O There is no reason: it just is People have varying abilities and those with lower opportunity costs of producing a good produce it before people with higher opportunity costs produce it The price of a good rises as more of it is demanded. As more of a good is produced, the taxes applied to the production of the good rise. c and d

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