An Increase in the Quantity of Resources Available

question 102

Multiple Choice

An increase in the quantity of resources available

• A) shifts the PPF leftward.
• B) shifts the PPF rightward.
• C) moves the economy to a new point up along a given PPF.
• D) moves the economy to a new point down along a given PPF.

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Definitions:

Tests

Procedures or measures used to assess various attributes or performance often in educational, scientific, or medical contexts.

Assignment

The process of handing over obligations, property, or rights from one entity to another.

Delegation

The assignment of authority or responsibilities to another person, often from a superior to their subordinate.

Public Policy

Principles and standards on which laws are based, aimed at ensuring the community's general welfare and addressing societal issues.