Hurricane Katrina destroyed much of New Orleans and other parts of the South.Which of the following statements is true? The hurricane:
A) caused the production possibilities frontier of the United States to shift in.
B) caused the production possibilities to increase, since it created a lot of work to rebuild the city affected areas.
C) caused the production possibilities frontier of the United States to shift.
D) didn't change the production possibilities frontier, but moved from a point on the frontier to a point inside the frontier.
Correct Answer:
Verified
Q27: When nations trade the result would most
Q28: The production possibilities frontier:
A) can show all
Q29: An increase in productivity as a result
Q30: Q32: If society were to experience an increase Q33: Suppose that a worker in Country A Q34: Choosing to produce at any point within 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![]()