A change from a technically or productively inefficient mix to an efficient mix of output would BEST be represented with a production possibilities frontier (PPF) as a _____ the PPF.
A) shift outward of
B) shift inward of
C) movement from inside the PPF onto
D) movement from a point on the PPF to a point inside
Correct Answer:
Verified
Q223: (Table: Production Possibilities Schedule) In the table,
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Q226: Entrepreneurs
A) take no risks if they are
Q227: Technological improvements in the U.S. economy have
A)
Q229: Which pair does NOT relate?
A) capital -
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Q233: An increase in the quantity and/or quality
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