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Which of the following is true?

A. Economic growth moves us along our PPC toward more high-tech products.
B. Through economic growth, we avoid opportunity cost.
C. The Great Depression was a time when we were inside our PPC.
D. World War II was a time when we were inside our PPC.



Answer :

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Final answer:

Explanation of economic growth, World War II, and the Great Depression in relation to PPC and technology.


Explanation:

World War II was a time when the economy was pushed inside the PPC due to the pressures of war, leading to a focus on producing military goods rather than consumer goods. On the other hand, economic growth can enable a country to move along its PPC towards producing more high-tech products by increasing its production capacity through investments and technological advancements.

During the Great Depression, the economy was inside the PPC due to decreased output, reduced investment, and negative growth in labor and technology, depicting a period of economic downturn and technological regress.


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