A representative from Russia's Ministry of Economic Development voiced concern over the fall in oil prices. The resulting decrease in state revenue would negatively affect social spending and state investment in new capital. In 2008, Russia's economic growth rate was 8.1% and might reach 3% in 2009.
BarentsObserver.com October 20, 2008
Suppose Russia's PPF has capital goods on the vertical axis while consumption goods are on the horizontal axis. Which of the following would describe the outcome described above?
A) Russia's PPF would become steeper
B) Russia's PPF would become flatter.
C) There would be an inward shift of Russia's PPF.
D) Russia's PPF would shift outward more slowly over the next several years.
Correct Answer:
Verified
Q358: A factor market is a market in
Q363: A production point beyond the production possibilities
Q388: Explain why the production possibilities frontier bows
Q390: In the movie Cast Away, Tom Hanks
Q394: What is the relationship between the bowed
Q415: The United States uses tax funds to
Q416: Individual economic decisions are coordinated by
A) markets
Q417: China's State Council has encouraged more spending
Q419: BAe, a British defense company, has the
Q425: In 2008, Angelina Jolie and Brad Pitt
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