In Europe during the 14th century, the Black Plague killed 24 million people or close to 37 percent of the population. How would this affect the production possibilities curves for the countries of Europe at that time?
A) The production possibilities curves for these countries would have shifted outward.
B) The production possibilities curves for these countries would have shifted inward.
C) The production possibilities curves for these countries would have been unaffected.
D) This would have been illustrated by a movement along the production possibilities curves for these countries, but it would not have shifted them.
Correct Answer:
Verified
Q147: If the citizens of a country were
Q148: A production possibilities curve graphically represents the
Q149: A point inside the production possibilities curve
Q150: Which of the following will be most
Q151: If the resources of an economy are
Q153: As a general rule, technological progress
A) shifts
Q154: Which of the following will most likely
Q155: A point outside the production possibilities curve
Q156: Other things constant, which of the following
Q157: If an economy operates at a point
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