Question suppose texas produces only steel and corn with, Ask an Expert

Economics

Question: Suppose Texas produces only steel and corn, with fixed amounts of land, labor, and capital resources. Which of the following best creates potential economic growth?

a. The unemployment rate in Texas rises from 5% to 6%.

b. The Southwestern United States has a devastating drought.

c. The percentage of Texas residents with a college degree rises from 45% to 55%.

d. The United States imports more and more low-cost steel from Korea and Japan.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92586880

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