Multiple Choice
The diagram below shows two production possibilities boundaries for Country X.
FIGURE 1-4
-Refer to Figure 1-4.A shift of the production possibilities boundary from PPB1 to PPB2 implies
A) a movement from full employment to some unemployment.
B) that if point E is the new choice of outputs,productivity has increased in the consumer goods industry.
C) that technology in the capital goods industries has improved.
D) an inevitable decrease in total output.
E) that technology in the consumer goods industry has improved.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Suppose you own a courier service and
Q33: A greater specialization of labour leads to
Q44: The diagram below shows two production possibilities
Q45: Suppose you own a courier service and
Q56: Consider Canada's production possibilities boundary.Suppose a scientific
Q64: In traditional economies,economic behaviour is<br>A)largely determined by
Q81: Consider the following list: a worker with
Q129: Consider the production possibilities boundary (PPB)of an
Q130: In a modern mixed economy the government
Q136: The famous economist who first described the