Asked by
Jahiem Freeman
on Oct 13, 2024Verified
The economy could produce at 8 units of outboard motors and 18 units of robots
A) immediately only under unusual circumstances such as war.
B) if there is economic growth over a period of years.
C) under no circumstances.
D) immediately only under unusual circumstances such as war AND if there is economic growth over a period of years.
Economic Growth
An increase in the production of economic goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation.
Unusual Circumstances
pertains to events or conditions that are not part of the normal course of events and often require special consideration or response.
Outboard Motors
Outboard motors are a type of propulsion system for boats, typically mounted on the outside of the hull, used to steer and power a vessel.
- Evaluate the influence of economic development or recession on the economy's production potential.
- Comprehend the significance of external factors, such as technological advancements, in altering production capabilities.
Verified Answer
JA
Learning Objectives
- Evaluate the influence of economic development or recession on the economy's production potential.
- Comprehend the significance of external factors, such as technological advancements, in altering production capabilities.