How would each of the following events affect a country's production possibilities frontier? A shift outward means the potential to produce even more goods. A shift inward means society now has less potential to produce goods. •[OUTWARD or INWARD] The quality of education increases •[OUTWARD or INWARD] A devastating earthquake destroys numerous production facilities. •[OUTWARD or INWARD] The U.S. Congress passes a law that allows more work visas to be issued to foreigners with specialized technical skills. Question 12 options: A) in order: INWARD, OUTWARD, OUTWARD B) in order: INWARD, INWARD, INWARD C) in order: OUTWARD, OUTWARD, INWARD D) in order: OUTWARD, INWARD, OUTWARD
How would each of the following events affect a country's production possibilities frontier? A shift outward means the potential to produce even more goods. A shift inward means society now has less potential to produce goods. •[OUTWARD or INWARD] The quality of education increases •[OUTWARD or INWARD] A devastating earthquake destroys numerous production facilities. •[OUTWARD or INWARD] The U.S. Congress passes a law that allows more work visas to be issued to foreigners with specialized technical skills. Question 12 options: A) in order: INWARD, OUTWARD, OUTWARD B) in order: INWARD, INWARD, INWARD C) in order: OUTWARD, OUTWARD, INWARD D) in order: OUTWARD, INWARD, OUTWARD
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 9SQ
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How would each of the following events affect a country's production possibilities frontier? A shift outward means the potential to produce even more goods. A shift inward means society now has less potential to produce goods.
•[OUTWARD or INWARD] The quality of education increases
•[OUTWARD or INWARD] A devastating earthquake destroys numerous production facilities.
•[OUTWARD or INWARD] The U.S. Congress passes a law that allows more work visas to be issued to foreigners with specialized technical skills.
Question 12 options:
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