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Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

Question 5

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Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following is likely to cause an outward shift of a production possibility curve?​


A) ​An increase in the price of the commodity represented on the horizontal axis
B) A fall in the cost of producing the commodity represented on the vertical axis
C) ​An improvement in the available technology
D) ​A fall in the supply of resources
E) ​An increase in the supply of unskilled workers

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