An Inward Shift in the Entire Production Possibilities Frontier

question 218

Multiple Choice

An inward shift in the entire production possibilities frontier

• A)represents economic growth.
• B)means that the economy can produce more of both goods.
• C)occurs if there is an increase in the capital stock.
• D)takes place if there is an expansion in the labor force.
• E)means that previous levels of production are now unobtainable.

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