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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Definitions:

Automated Clearing House

An electronic network for financial transactions, used for the transfer of funds between bank accounts, including direct deposits and bill payments.

Source Documentation

The original records and documents related to a study, project, or transaction, serving as evidence for claims and conclusions.

Fraudulent Misstatements

False or misleading statements made intentionally to deceive others.

Stop-payment Order

A request made to a bank by an account holder to not pay a check that has been issued or to halt a payment that has been preauthorized.