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

Related Mcqs:

1. 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...

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

   A. An increase in demand B. More government spending C. Better training of employees D. Productive inefficiency...

3. Points on the production possibilities frontier are ?

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

4. 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...

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 Hong Kong and Taiwan have identical production possibilities curves that are subject to increasing opportunity costs ?

   A. Trade would depend on difference in demand conditions B. Trade would depend on economies of large-scale production C. Trade would depend on the use of different currencies D. There would be no basis for gainful trade...

9. Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?

   XA. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A...

10. 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...