Multiple Choice
Which of the following scenarios would cause an outward shift in the production possibilities curve?
A) temporary shutdown of mines due to frequent accidents
B) discovery of large mineral deposits
C) tougher environmental legislation
D) shortage of skilled labor
Correct Answer:

Verified
Correct Answer:
Verified
Q40: The opportunity cost of a particular good
Q41: Any output combination outside the production possibilities
Q42: Exhibit 3-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-13
Q43: Exhibit 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-4
Q44: Which concept explains how individual consumers in
Q46: In a market economy, prices help determine
Q47: Exhibit 3-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-8
Q48: Which of the following is considered to
Q49: A market economy answers the question "how"
Q50: Exhibit 3-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-12