An Increase in General Resources That Affects the Production of Both

question 52

Multiple Choice

An increase in general resources that affects the production of both goods on a production possibilities frontier (PPF) would cause an

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

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Definitions:

Ethnic Minorities

Groups within a community who have different national or cultural traditions from the main population, often having distinct language, religion, or heritage.

Working Poor

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Federal Housing Policy

Government actions and regulations aimed at ensuring access to housing, improving housing affordability, and promoting fair housing practices.

Mortgage Interest Deductions

A tax deduction that homeowners can take for the interest paid on a mortgage for their residence, which reduces taxable income.