If a Society Moves from a Period of Time with Significant

question 261

Multiple Choice

If a society moves from a period of time with significant unemployment to a time with full employment,its production possibilities frontier will

• A) shift leftward.
• B) shift rightward.
• C) not shift because the society moves from one point on the frontier to a point inside the frontier.
• D) not shift because the society moves from a point inside the frontier to a point on the frontier.
• E) not shift because the society moves from one point on the frontier to a point outside the frontier.

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Definitions:

Dumping

The practice of selling a product in a foreign market at a price lower than its domestic market or below its cost of production, often to increase market share or eliminate surplus.

Per Capita GDP

is a measure of the economic output of a country divided by its population, providing an average economic welfare indicator.

Trade Barriers

Measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.

Trade Openness

A measure of the extent to which a country allows free trade with other countries, including importing and exporting goods without tariff or non-tariff barriers.