Capital goodsDWhich of the following would cause an inward (left) shift of the PPC?BA A tax is decreased on business machinery-Consumer goodsFavorable weather allows for a 50% yield increase in cropsThere are new technological advances in all industriesThe cost of inputs increases

The inward shift in the PPC is caused when the resources if the economy are destroyed due to natural…

Which of the following would cause an inward (left) shift of the PPC? A A tax is decreased on business machinery B Favorable weather allows for a 50% yield increase in crops There are new technological advances in all industries The cost of inputs increases

Which of the following would cause an inward (left) shift of the PPC? A A tax is decreased on business machinery B Favorable weather allows for a 50% yield increase in crops There are new technological advances in all industries The cost of inputs increases

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter25: The Keynesian Perspective

Section: Chapter Questions

Problem 17CTQ: In its recent report, The Conference Boards Global Economic Outlook 2015, updated November 2014...

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Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.

Question

Capital goods
D
Which of the following would cause an inward (left) shift of the PPC?
B
A A tax is decreased on business machinery
-
Consumer goods
Favorable weather allows for a 50% yield increase in crops
There are new technological advances in all industries
The cost of inputs increases

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