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Correctly Complete the Following Sentences from the Options Below

Question 65

Short Answer

Correctly complete the following sentences from the options below.
(a) A drought in Australia will cause
(b) A new discovery of natural gas reserves will cause
(c) A change in demand, away from canola oil to olive oil, will cause

(i) a shift outwards and to the right of the production possibility curve.
(ii) a movement along the production possibility curve.
(iii) a shift inwards and to the left of the production possibility curve.

Correct Answer:

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(a) iii
(...

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