A decrease in the quantity of resources available causes a movement down along a given PPF.
Correct Answer:
Verified
Q1: The economy moves from point A,where it
Q3: The law of increasing opportunity cost results
Q4: If the PPF for two goods is
Q7: A production possibilities frontier separates an attainable
Q8: In a PPF graph of goods X
Q15: The law of increasing opportunity cost helps
Q16: It is possible through trade for a
Q18: Points that lie outside (or beyond)the PPF
Q19: Through war,many of the factories in country
Q37: Both country 1 and country 2 are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents