Consider a Production Possibilities Frontier with Corn Production Measured on the Vertical

question 144

Multiple Choice

Consider a production possibilities frontier with corn production measured on the vertical axis and car production measured on the horizontal axis.Unusually good weather for growing corn shifts

• A)the horizontal intercept of the PPF rightward and the vertical intercept of the PPF upward.
• B)the horizontal intercept of the PPF rightward but does not shift the vertical intercept of the PPF.
• C)the vertical intercept of the PPF upward but does not shift the horizontal intercept of the PPF.
• D)neither the horizontal intercept nor the vertical intercept of the PPF.
• E)the vertical intercept of the PPF downward and the horizontal intercept of the PPF leftward.

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Expenses that can be subtracted from taxable income, reducing the total amount of tax owed.

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