Exhibit 2-8
Which of the following would cause the production possibilities frontier in Exhibit 2-8 to shift from AA to BA?
A) a drought that affected food production but had no effect on education
B) a technological improvement in education that had no effect on food production
C) a technological improvement in food production that had no effect on education
D) a disease that affected students' ability to learn (and therefore education) but not food production
E) an increase in the size of the labor force that affected both food production and education
Correct Answer:
Verified
Q137: Because resources are not perfectly adaptable to
Q138: Any movement along the production possibilities frontier
Q139: If the production possibilities curve is a
Q140: The law of increasing opportunity cost explains
Q141: The production possibilities frontier represents all desirable
Q143: An outward shift of the production possibilities
Q144: An improvement in technology
A)will always result in
Q145: The production possibilities frontier can be used
Q146: Which of the following cannot be determined
Q147: A production possibilities frontier will shift outward
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