Multiple Choice
Chinaʹs State Council has encouraged more spending to ʺimprove transportation links and other infrastructure... .ʺ It will also ʺstep up its spending on vocational training and other educational programs for adults.ʺ
Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of Chinaʹs PPF. As a result of enacting the policies, Chinaʹs PPF will
A) shift inward.
B) become flatter.
C) shift outward.
D) rotate outward.
Correct Answer:
Verified
Correct Answer:
Verified
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