Multiple Choice
Suppose fire destroy many millions of hectares of valuable Canadian forest. The effect on the Canadian economy would be best illustrated by _ the production possibilities boundary.
A) a shift outward of
B) a movement to a point beyond
C) a movement inside
D) an inward shift of
E) a movement along
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which of the point(s)below is (are)true of
Q24: Because resources are scarce, individuals are required
Q25: A move from inside the production possibilities
Q26: Most modern economies in the world today<br>A)are
Q27: A farmer selling tomatoes and corn at
Q28: Economics is generally NOT concerned with<br>A)restricting the
Q30: Behaviour in free- market economies is<br>A)determined by
Q32: The opportunity cost of producing good A
Q33: In the Canadian economy, most decisions regarding
Q34: If some income earned by households is