Hurricane Katrina destroyed much of New Orleans and other parts of the South. Which of the following statements is true? The hurricane:
A) caused the U.S. production possibilities frontier to shift inward.
B) caused production possibilities to increase, since much work was needed to rebuild the city.
C) caused the U.S. production possibilities frontier to bow inward.
D) moved production from a point on the frontier to a point inside the frontier.
Correct Answer:
Verified
Q24: Q25: Q26: When nations trade: Q27: Choosing to produce at any point within Q28: Q30: Suppose that a worker in Country A Q31: Q32: The production possibilities frontier: Q33: An increase in productivity as a result Q34: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A) only the strongest nation![]()
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A) shows all possible![]()