Multiple Choice
Which of the following would shift the production possibilities frontier outward?
A) a reduction in inefficiency
B) a reduction in the size of the labor force
C) an improvement in technology
D) a change in the combination of goods produced
E) increasing opportunity costs
Correct Answer:

Verified
Correct Answer:
Verified
Q201: Which of the following would not shift
Q202: Exhibit 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 2-2
Q203: Exhibit 2-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 2-11
Q204: Exhibit 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 2-4
Q205: The law of increasing opportunity cost reflects
Q206: In economics, specialization means<br>A)producing something using only
Q207: Points inside the production possibilities frontier represent<br>A)full
Q208: Exhibit 2-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 2-10
Q210: The law of comparative advantage does not
Q211: The production possibilities frontier can be used