Multiple Choice
The economy was at point A producing 100X and 200Y. It then moves to point B where it produces 200X and 300Y. It follows that
A) point A may have been a point below the economy's PPF, while point B may lie on the PPF.
B) the economy's PPF could have shifted inward and point A was a point on the economy's old PPF.
C) the economy has moved from one point on its PPF to another point on the same PPF.
D) the economy moved from an unattainable point to an attainable point.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Which of the following is an illustration
Q40: If a society's unemployment rate rises from
Q45: If increasingly more units of good Y
Q46: A decrease in the quantity of resources<br>A)
Q47: If the PPF for two goods is
Q65: The point where the PPF intersects the
Q68: Exhibit 2-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 2-8
Q68: For each additional lamp produced,a constant opportunity
Q87: Which of the following is not true
Q136: A PPF can<br>A) shift outward but not