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21 Oct 2020

Which of the following situations would most likely cause the PPF to shift outward?

  1. Increase in domestic consumption

  2. Decrease in imports

  3. Increase in investment spending

  4. Increase in production factors

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Macroeconomics
Skill
Opportunity Cost
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Kristelle Balando
Kristelle BalandoLv10
21 Oct 2020

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Related questions

Which of the following situations will arise in the domestic market following the removal of an import quota?

a. imports increase, domestic production increases, prices increase
b. imports increase, domestic production decreases, prices decrease
c. imports decrease, domestic production increases, prices decrease
d. imports decrease, domestic production decreases, prices increase

1. Who benefits from voluntary trade?

a. buyersĀ 

b. sellersĀ 

c. buyers and sellers

d. the government

e. buyers and the government

Ā 

2. The usual purpose of an experiment is to

a. observe an interesting phenomenon.

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d. construct a model based on a hypothesis.

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3. An increase in general resources that affects the production of both goods on a production possibilities frontier (PPF) would cause an

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c. outward rotation along the x-axis.

d. outward rotation along the y axis.

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4. Goods that are produced for current consumption are called ___________ goods.

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Which of the following situations will result in an economic contraction?

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    2. Decrease in interest rate

    3. Decrease in consumption

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