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-The Figure Above Shows How the PPF for Cell Phones

question 6

Multiple Choice

  -The figure above shows how the PPF for cell phones and new cell-phone factories can expand.In the figure,if the economy chose the point on this year's PPF that is above point K,the next year's PPF would A)  shift outward along the horizontal axis farther than the new PPF shown in the figure. B)  shift outward along the horizontal axis, but not as far as the new PPF shown in the figure. C)  shift outward along the vertical axis, not along the horizontal axis. D)  shift inward along the horizontal axis. E)  shift inward along the vertical axis.
-The figure above shows how the PPF for cell phones and new cell-phone factories can expand.In the figure,if the economy chose the point on this year's PPF that is above point K,the next year's PPF would

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Definitions:

Contingent Liabilities

Possible obligations that might arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events.

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures.

Current Liabilities

Short-term financial obligations that a company is expected to pay within one year or one operating cycle, whichever is longer.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity levels for operating needs.

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