Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Scenario 4-1<br>In a given year, country A
Q2: Figure 5.1. The figure shows a linear
Q3: Figure 5.2. The figure shows the supply
Q4: Figure 5.3. The figure shows the wage
Q6: Figure 5.2. The figure shows the supply
Q7: Figure 5.1. The figure shows a linear
Q8: Figure 5.2. The figure shows the supply
Q9: Figure 5.2. The figure shows the supply
Q10: Figure 5.1. The figure shows a linear
Q11: Figure 5.3. The figure shows the wage