Economic Growth Can Be Depicted on a Production Possibilities Frontier

question 127

Multiple Choice

Economic growth can be depicted on a production possibilities frontier (PPF) as an

• A) inward shift of the PPF.
• B) outward shift of the PPF.
• C) inward rotation along the x axis.
• D) inward rotation along the y axis.
• E) increase in opportunity cost.

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Definitions:

Imported Goods

Products brought into one country from another for sale or trade.

Raising Revenue

The process of generating income for a government or organization, typically through taxation, fees, or the sale of goods and services.

Germans

A group of people native to Germany, a country in Central Europe, or individuals of German descent.

Northampton County

A geographic or administrative region which might refer to one of several counties in the United States or elsewhere, often requiring context for specificity.