20. Suppose there is a Production Possibilities Frontier (PPF) for garlic and cheese. Which of the following situations would shift the PPF inward (toward the origin)? O A severe weather event that destroys much of the economy's productive capacity for garlic and cheese. b. Discovery of a new, cheaper source of milk for making cheese. c Increased popularity of garlic, as compared with cheese. d. A technological breakthrough.
20. Suppose there is a Production Possibilities Frontier (PPF) for garlic and cheese. Which of the following situations would shift the PPF inward (toward the origin)? O A severe weather event that destroys much of the economy's productive capacity for garlic and cheese. b. Discovery of a new, cheaper source of milk for making cheese. c Increased popularity of garlic, as compared with cheese. d. A technological breakthrough.
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.8P
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