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The World Price of Oil Fell in 2014-2015 from Over

Question 54

Multiple Choice

The world price of oil fell in 2014-2015 from over $100 per barrel to less than $50.As a producer of oil,what effect did this change have on Canada's production possibilities boundary?


A) a shift outward
B) a shift inward
C) movement to a point beyond the boundary
D) movement to a point within the boundary
E) no change

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