The country of Gerance produces two goods cars and wine. Last year, it produred 10 and 15.000 cases of wine. This year, it produced 1.300 a wine. Given no other information, which of the following events could not explain this change? Gerance experienced a reduction in unemployment Any of these events could explain the change. Gerance acquired more resources Gerance experienced an improvement in car making technology. QUESTION 18 A production possibilities frontier can shift outward if government increases the amount of money in the economy. resources are shifted from the production of one good to the production of the other good. the economy abandons inefficient production methods in favor of efficient production methods. there is a technological improvement. QUESTION 19 In economics, Capital refers to Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 19 in economics, capital refers to stocks and bonds. buildings and machines used in the production process the money households use to purchase firms' output. the finances necessary for firms to produce their products. QUESTION 20 Economists make assumptions to create policy alternatives that are incomplete or subject to criticism. make it easier to teach economic concepts and analysis. make a complex world easier to understand. provide issues for political discussion Chiet Save and Submit to save and submit. Click Save All Answers to save all answers,