Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

question 27

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following will possibly cause a leftward shift in the production possibility curve, representing good X and good Y?​

• A)​A decrease in a country's GDP
• B)​An increase in the price of good X
• C)​An increase in the price of good Y
• D)​A decrease in the price of good Y
• E)​A decrease in the price of good X

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Definitions:

Carter Administration

Refers to the presidency of James Earl Carter, Jr., the 39th President of the United States, who served from 1977 to 1981, known for his commitments to human rights and energy conservation.

Foreign Policy

The strategies and decisions made by a country in relating to, interacting with, and managing affairs with other countries.

Islamic Orthodoxy

The adherence to the accepted doctrines and practices of Islam, following traditional beliefs and rituals.

Middle East

A region that encompasses Western Asia and Egypt, known for its strategic geopolitical significance and diverse cultures.