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An economy produces hot dogs and hamburgers. If a discovery of the remarkable health benefits of hot dogs were to change consumers’ preferences, it would a. expand the production possibilities frontier. b. contract the production possibilities frontier. c. move the economy along the production possibilities frontier. d. move the economy inside the production possibilities frontier.

BuyFind

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985
BuyFind

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985

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Chapter
Section
Chapter 2, Problem 4CQQ
Textbook Problem

An economy produces hot dogs and hamburgers. If a discovery of the remarkable health benefits of hot dogs were to change consumers’ preferences, it would

a. expand the production possibilities frontier.

b. contract the production possibilities frontier.

c. move the economy along the production possibilities frontier.

d. move the economy inside the production possibilities frontier.

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