It was reported in the New York Times that the China's State Council has encouraged more spending to "improve transportation links and other infrastructure... ". It was also reported that the China’s State Council will also "step up its spending on vocational training and other educational programs for adults". Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's PPF. As a result of enacting the policies, China's PPF will Group of answer choices shift outward. shift inward. rotate outward become flatter.
It was reported in the New York Times that the China's State Council has encouraged more spending to "improve transportation links and other infrastructure... ". It was also reported that the China’s State Council will also "step up its spending on vocational training and other educational programs for adults". Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's PPF. As a result of enacting the policies, China's PPF will Group of answer choices shift outward. shift inward. rotate outward become flatter.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 8SQ
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It was reported in the New York Times that the China's State Council has encouraged more spending to "improve transportation links and other infrastructure... ". It was also reported that the China’s State Council will also "step up its spending on vocational training and other educational programs for adults".
Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's
Group of answer choices
shift outward.
shift inward.
rotate outward
become flatter.
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