Suppose a flood changes the production capacity in a country. How would you represent this situation with a production possibilities frontier? Choose one: A. The economy moves from a point on the PPF to a point beyond the PPF. B. The economy moves from a point below the PPF to a point on the PPF. C. The entire PPF shifts in. D. The entire PPF shifts out.
Suppose a flood changes the production capacity in a country. How would you represent this situation with a production possibilities frontier? Choose one: A. The economy moves from a point on the PPF to a point beyond the PPF. B. The economy moves from a point below the PPF to a point on the PPF. C. The entire PPF shifts in. D. The entire PPF shifts out.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter33: International Trade
Section: Chapter Questions
Problem 1QP
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Suppose a flood changes the production capacity in a country. How would you represent this situation with a production possibilities frontier?
Choose one:
A. The economy moves from a point on the
B. The economy moves from a point below the PPF to a point on the PPF.
C. The entire PPF shifts in.
D. The entire PPF shifts out.
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