Multiple Choice
Suppose drought destroys many millions of acres of valuable Canadian farmland. The effect on the Canadian economy would be to move
A) its production possibilities boundary inward.
B) it beyond its production possibilities boundary.
C) it along its production possibilities boundary.
D) its production possibilities boundary outward.
E) none of the above. There would be no change in Canada's production possibilities boundary.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Economists usually assume that households<br>A)make consistent decisions,
Q2: In a modern mixed economy the government
Q4: Economists usually assume that households and firms,
Q6: During the nineteenth and early twentieth centuries,
Q7: Consider a production possibilities boundary showing the
Q8: A modern economy like Canada's is largely
Q9: Economics is the study of<br>A)how to limit
Q10: An economic system that relies primarily upon
Q11: On a diagram of a production possibilities
Q102: Many economies in central and Eastern Europe,including