Multiple Choice
Consider a country that has two industries. In the north, they grow wild rice, which requires a lot of rainfall. In the south, they grow wheat, which requires just a moderate amount of rainfall (too much rainfall is bad for wheat production) . One year, there is a record rainfall. This will result in
A) a parallel shift inward of the production possibilities frontier.
B) a parallel shift outward of the production possibilities frontier.
C) the production possibilities frontier rotating, with the wild rice intercept increasing, and the wheat intercept decreasing.
D) the production possibilities frontier rotating, with the wild rice intercept decreasing, and the wheat intercept increasing.
E) the production possibilities frontier becoming linear.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Individuals A and B can both produce
Q22: All points on the PPF are points
Q37: Use the information below to answer the
Q41: Use the figure below to answer the
Q43: Use the figure below to answer the
Q44: Use the information below to answer the
Q70: Use the table below to answer the
Q79: The kitchen manager at an Italian restaurant
Q92: Use the table below to answer the
Q104: A property right is<br>A)any commodity or token