An outward shift of the production possibility frontier may be caused by ?

Related Mcqs:

1. Which of the following will not shift a country’s production possibilities frontier outward ?

   A. an advance in technology B. an increase in the labor force C. an increase in the capital stock D. a reduction in unemployment...

2. If a country has a bowed out (concave to the origin) production possibility frontier then production is said to be subject to ?

   A. constant opportunity costs B. decreasing opportunity costs C. first increasing and then decreasing opportunity costs D. increasing opportunity costs...

3. An economy may operate outside the production possibility Frontier if ?

   A. It is not utilizing its resources fully B. It is being productively efficient C. It is a mixed economy D. It is trading other economies...

4. Any combination of products inside the production possibility frontier is ?

   A. Allocatively inefficient B. X inefficient C. Consumer inefficient D. Productively inefficient...

5. Economic growth can be seen by an outward shift of ?

   A. The Production Possibility Frontier B. The Gross Domestic Barrier C. The Marginal Consumption Frontier D. The Minimum Efficient Scale...

6. An outward shift in the Marginal Efficiency of Capital should ?

   A. Decrease consumption B. Increase aggregate demand C. Reduce aggregate supply D. Slow economic growth...

7. An outward shift in the demand for money other things being equals should lead to ?

   A. A lower interest rate but the same quantity of money B. A higher interest rate but the same quantity of money C. A higher quantity of money but lower interest rates D. A higher quantity of money but the same interest rate...

8. If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ?

   A. constant opportunity costs B. decreasing opportunity costs C. first increasing and then decreasing opportunity costs D. increasing opportunity costs...

9. An upward shift in marginal cost _____ output and an upward shift in marginal revenue ______ output?

   A. reduces; reduces B. reduces; increases C. increases; increases D. increases; reduces...

10. Points on the production possibilities frontier are ?

    A. inefficient B. normative C. unattainable D. efficient...