Multiple Choice
Which of the following will most likely cause an outward shift in the production possibilities curve?
A) a reduction in the man-made productive resources available to the economy as the result of a decline in investment
B) an increase in government payments to farmers for taking land out of production
C) an increase from 40 to 50 hours in the average number of hours worked per week
D) None of the above would cause an outward shift in the production possibilities curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q127: A ticket to a concert costs $45.
Q128: Why is trade an important source of
Q129: Will a large quantity of bonds held
Q130: Compared to a situation where transaction costs
Q131: The size of a country's "economic pie"
Q133: An improvement in a country's legal system
Q134: If Terrell can produce more bagels in
Q135: Todd owns a truck that he values
Q136: According to the law of comparative advantage,
Q137: Ashley is an attorney and also an