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C. means that the only way the economy can increase the production of one good is by producing less of an alternative good. An inward shift of the production possibility frontier (PPF) represents a fall in a nation’s supply-side or productive capacity. a. an impossible situation b. a situation in which a country produces more of one good and less of another Select one: a. B) rising prices of the two goods on the production possibility frontier model. Correct Answer: economic growth. B) rising prices of the two goods on the production possibilities frontier model. D) an increase in the labour force. An outward shift of a PPF means that an economy has increased its capacity to produce. An outward shift of a nation's production possibilities frontier represents _____. C) a change in the amounts of one good desired. That is to say, due to these changes, the country is capable of producing more. Economic growth O b. B) a natural disaster like a hurricane or bad earthquake. An increase in an economy’s productive potential can be shown by an outward shift in the economy’s production possibility frontier (PPF). C) an impossible situation. Question 1 2.5 out of 2.5 points An outward shift of a nation's production possibilities frontier represents Answer Selected Answer: economic growth. C) an impossible situation. A. an advance in technology ... Characteristics and Institutions of Developing Countries: 61. Question 2 2.5 out of 2.5 points "An Inquiry into the Nature and Causes of the Wealth of Nations" published in 1776 was written by Answer Selected Answer: Adam Smith. D) a situation in which a country produces more of one good and less of another. Externality & Internality: 62. One cause could be the effects of natural disasters such as drought, earthquakes or severe floods which destroy built-up capital and potentially causes significant loss of life. What does an outward shift of a nation's production possibilit frontier represent? 30) An inward shift of a nation's production possibility frontier can occur due to A) a reduction in unemployment. The simplest way to show economic growth is to bundle all goods into two basic categories, consumer and capital goods. D) a situation in which a country produces more of one good and less of another. An outward shift in the entire production possibilities frontier A. represents economic decline. download full file at 38) An outward shift of a nation's production possibilities frontier represents A) economic growth. An inward shift of the production possibility frontier (PPF) represents a fall in a nation's supply-side or productive capacity. 31) An outward shift of a nation's production possibility frontier represents A) economic growth. 125. One cause could be the effects of natural disasters such as drought, earthquakes or severe floods which destroy built-up capital and potentially causes significant loss of life. Rising prices of the two goods on the production possibility frontier model O c. An impossible situation w O d. d) Consumers would be able to consume at a point outside the production possibility frontier. b) Its production would shift to another point on its production possibility frontier. Which of the following will not shift a country’s production possibilities frontier outward ? Which of the following will not shift a country’s production possibilities frontier outward ? producing less of an alternative good. c) The pattern of products that the country produced would differ from the pattern that its consumers consumed. An outward shift of the production possibilities frontier represents an increase in technology, productivity, or supply. B. means that previous levels of production are now unobtainable. 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To another point on its production possibility frontier ( PPF ) represents a ) economic growth way economy!

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