A Macro Production Possibilities Frontier Shifts Immediately from a Change

question 224

Multiple Choice

A macro production possibilities frontier shifts immediately from a change in

• A) the price of inputs.
• B) unemployment.
• C) preferences for consumer goods and capital goods.
• D) the quantity of inputs.
• E) all of the above.

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Definitions:

International Segmentation Base

Criteria used to divide a global market into distinct subsets of consumers with common needs or characteristics.

Global

Pertaining to the entire world; involving or affecting all parts of the world.

National

Relating to or characteristic of a nation; common to the whole country.

Regional

Pertains to a specific geographic area, often used to describe the location-dependent aspects of business or culture.