Multiple Choice
-
The figure above shows how the PPF for cell phones and new cell-phone factories can expand. In the figure, if the economy chose the point on this year's PPF that is below point K, the next year's PPF would
A) shift inward along the horizontal axis.
B) shift inward along the vertical axis.
C) shift outward along the horizontal axis, but not as far as the new PPF shown in the figure.
D) shift outward along the vertical axis, not along the horizontal axis.
E) shift outward along the horizontal axis farther than the new PPF shown in the figure.
Correct Answer:
Verified
Related Questions
