Consider a production possibilities frontier (PPF) that shows the trade-off between the production of cotton (on the
Posted: Thu May 19, 2022 8:24 am
Consider a production possibilities frontier (PPF) that
shows the trade-off between the production of
cotton (on the y-axis) and the production of
soybeans (on the x-axis).
What effect would a prolonged drought have on the
initial production possibilities frontier?
If there is a prolonged drought, then the
PPF will\
A. shift in along both axes.
B. remain unchanged.
C. shift in along the cotton axis.
D. shift in along the soybean axis.
This indicates that less _____ can be produced.
A. Soybeans
B. of both goods.
C.Cotton
shows the trade-off between the production of
cotton (on the y-axis) and the production of
soybeans (on the x-axis).
What effect would a prolonged drought have on the
initial production possibilities frontier?
If there is a prolonged drought, then the
PPF will\
A. shift in along both axes.
B. remain unchanged.
C. shift in along the cotton axis.
D. shift in along the soybean axis.
This indicates that less _____ can be produced.
A. Soybeans
B. of both goods.
C.Cotton