Capital Goods (thousands of units) Figure 2-3 PPF2 Consumer Goods (thousands of units) Refer to Figure 2-3. If the economy is operating at PPF1, a shift to PPF2 may depict a. a decrease in resources. Ob. a simultaneous decrease in both resources and technology. Oc economic growth. O d. a decrease in technology.

Capital Goods (thousands of units) Figure 2-3 PPF2 Consumer Goods (thousands of units) Refer to Figure 2-3. If the economy is operating at PPF1, a shift to PPF2 may depict a. a decrease in resources. Ob. a simultaneous decrease in both resources and technology. Oc economic growth. O d. a decrease in technology.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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As the economy recovers from a recession, a decrease in the cyclical unemployment rate A. shifts the PPF outward. OB. moves the economy from a point inside the PPF to a point closer to or on the PPF. OC. shifts the PPF inward. O D. moves the economy from a point on the PPF to a point inside the PPF. OE. moves the economy's point of production along the PPF. ***
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