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 inward at all points.
B) There is a movement from the existing production possibilities frontier inwards towards a point with wasted or misallocated resources.
C) There is a movement along the existing production possibilities frontier towards a less capital- intensive point.
D) It shifts outward at all points.
E) There is a movement along the existing production possibilities frontier towards a more capital- intensive point.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Intellectual property _.<br>A)includes land and buildings<br>B)includes stocks
Q46: Use the figure below to answer the
Q119: Use the table below to answer the
Q121: Consider a PPF that measures the production
Q122: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5271/.jpg" alt=" Figure 2.1.1 -Refer
Q123: If individuals A and B can both
Q125: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5271/.jpg" alt=" Table 2.1.2 -Refer
Q126: The slope of the production possibilities frontier
Q127: The Government of Canada promises to produce
Q128: Use the figure below to answer the