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Figure 51 the Figure Shows a Linear Production Possibility Curve Representing

Question 12

Multiple Choice

Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries​. Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries​.   -Refer to figure 5.1. A fall in the gross domestic product of the country will lead to:​ A) ​a leftward shift in the production possibility curve. B) ​a rightward shift in the production possibility curve. C) ​an increase in the consumption of luxury goods. D) ​an upward movement along the production possibility curve. E) ​no change in the consumption pattern of the country.
-Refer to figure 5.1. A fall in the gross domestic product of the country will lead to:​


A) ​a leftward shift in the production possibility curve.
B) ​a rightward shift in the production possibility curve.
C) ​an increase in the consumption of luxury goods.
D) ​an upward movement along the production possibility curve.
E) ​no change in the consumption pattern of the country.

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