Suppose a Hurricane Causes Extensive Devastation,destroying Houses,roads,schools and Factories
Multiple Choice
Suppose a hurricane causes extensive devastation,destroying houses,roads,schools and factories.What is the effect of this hurricane on a production possibilities frontier consisting of consumption goods and capital goods?
A) It shifts outward at all points.
B) It shifts inward at all points.
C) There is a movement along the existing production possibilities frontier towards a less capital-intensive point.
D) There is a movement along the existing production possibilities frontier towards a more capital-intensive point.
E) There is a movement from the existing production possibilities frontier inwards towards a point with wasted or misallocated resources.
Correct Answer:
Verified
Correct Answer:
Verified
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