QUESTION 29 During the Second World War, Germany's factories were decimated and suffered many human casualties, both soldiers and civilians. How did the war affect Germany's production possibilities curve? OA. Germany's PPF would have shifted out, because the country's increase in labor, capital and other inputs would increase their ability to produce output at every allocation of resources. OB. Germany's PPF would have shifted inward, because the country's decrease in labor, capital and other inputs would reduce their ability to produce output at every allocation of resources. OC. Germany's PPF would have remained unchanged, because war had not significant impact on the overall amount of goods produced. D. Germany's PPF would have shifted inward, because the country's war economy would increase their ability to produce output at every allocation of resources.
QUESTION 29 During the Second World War, Germany's factories were decimated and suffered many human casualties, both soldiers and civilians. How did the war affect Germany's production possibilities curve? OA. Germany's PPF would have shifted out, because the country's increase in labor, capital and other inputs would increase their ability to produce output at every allocation of resources. OB. Germany's PPF would have shifted inward, because the country's decrease in labor, capital and other inputs would reduce their ability to produce output at every allocation of resources. OC. Germany's PPF would have remained unchanged, because war had not significant impact on the overall amount of goods produced. D. Germany's PPF would have shifted inward, because the country's war economy would increase their ability to produce output at every allocation of resources.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 8SQ
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Transcribed Image Text:QUESTION 29
During the Second World War, Germany's factories were decimated and suffered many human casualties, both soldiers and
civilians. How did the war affect Germany's production possibilities curve?
OA. Germany's PPF would have shifted out, because the country's increase in labor, capital and other inputs would increase
their ability to produce output at every allocation of resources.
OB. Germany's PPF would have shifted inward, because the country's decrease in labor, capital and other inputs would
reduce their ability to produce output at every allocation of resources.
OC. Germany's PPF would have remained unchanged, because war had not significant impact on the overall amount of goods
produced.
O D. Germany's PPF would have shifted inward, because the country's war economy would increase their ability to produce
output at every allocation of resources.
QUESTION 30
Many financial analysts and economists eagerly await the press releases for the reports on
the consumer confidence index. What would be the effects of a negative report?
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