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 will possibly cause a leftward shift in the production possibility curve, representing good X and good Y?
A) A decrease in a country's GDP
B) An increase in the price of good X
C) An increase in the price of good Y
D) A decrease in the price of good Y
E) A decrease in the price of good X
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Figure 5.3. The figure shows the wage
Q23: Figure 5.3. The figure shows the wage
Q24: Figure 5.2. The figure shows the supply
Q25: Figure 5.2. The figure shows the supply
Q26: Figure 5.1. The figure shows a linear
Q28: Scenario 4-1<br>In a given year, country A
Q29: Figure 5.3. The figure shows the wage
Q30: Figure 5.1. The figure shows a linear
Q31: Figure 5.3. The figure shows the wage
Q32: Figure 5.2. The figure shows the supply