How would each of the following events affect a country's production possibilities frontier? A shift outward means the potential to produce even more goods. A shift inward means society now has less potential to produce goods. •[OUTWARD or INWARD] The quality of education increases •[OUTWARD or INWARD] A devastating earthquake destroys numerous production facilities. •[OUTWARD or INWARD] The U.S. Congress passes a law that allows more work visas to be issued to foreigners with specialized technical skills.   Question 12 options:   A)  in order: INWARD, OUTWARD, OUTWARD   B)  in order: INWARD, INWARD, INWARD   C)  in order: OUTWARD, OUTWARD, INWARD   D)  in order: OUTWARD, INWARD, OUTWARD

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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 How would each of the following events affect a country's production possibilities frontier? A shift outward means the potential to produce even more goods. A shift inward means society now has less potential to produce goods.

•[OUTWARD or INWARD] The quality of education increases

•[OUTWARD or INWARD] A devastating earthquake destroys numerous production facilities.

•[OUTWARD or INWARD] The U.S. Congress passes a law that allows more work visas to be issued to foreigners with specialized technical skills.

 

Question 12 options:

 

A) 

in order: INWARD, OUTWARD, OUTWARD
 

B) 

in order: INWARD, INWARD, INWARD
 

C) 

in order: OUTWARD, OUTWARD, INWARD
 

D) 

in order: OUTWARD, INWARD, OUTWARD
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