B. means that previous levels of production are now unobtainable. The simplest way to show economic growth is to bundle all goods into two basic categories, consumer and capital goods. A. an advance in technology ... Characteristics and Institutions of Developing Countries: 61. download full file at 38) An outward shift of a nation's production possibilities frontier represents A) economic growth. b) Its production would shift to another point on its production possibility frontier. d) Consumers would be able to consume at a point outside the production possibility frontier. Rising prices of the two goods on the production possibility frontier model O c. An impossible situation w O d. C. means that the only way the economy can increase the production of one good is by producing less of an alternative good. B) rising prices of the two goods on the production possibility frontier model. a. an impossible situation b. a situation in which a country produces more of one good and less of another 125. What does an outward shift of a nation's production possibilit frontier represent? 31) An outward shift of a nation's production possibility frontier represents A) economic growth. Which of the following will not shift a country’s production possibilities frontier outward ? Select one: a. Which of the following will not shift a country’s production possibilities frontier outward ? producing less of an alternative good. D) an increase in the labour force. C) a change in the amounts of one good desired. That is to say, due to these changes, the country is capable of producing more. 30) An inward shift of a nation's production possibility frontier can occur due to A) a reduction in unemployment. C) an impossible situation. D) a situation in which a country produces more of one good and less of another. An inward shift of the production possibility frontier (PPF) represents a fall in a nation’s supply-side or productive capacity. An outward shift of a nation's production possibilities frontier represents _____. An increase in an economy’s productive potential can be shown by an outward shift in the economy’s production possibility frontier (PPF). c) The pattern of products that the country produced would differ from the pattern that its consumers consumed. Economic growth O b. One cause could be the effects of natural disasters such as drought, earthquakes or severe floods which destroy built-up capital and potentially causes significant loss of life. Externality & Internality: 62. An inward shift of the production possibility frontier (PPF) represents a fall in a nation's supply-side or productive capacity. Correct Answer: economic growth. Question 1 2.5 out of 2.5 points An outward shift of a nation's production possibilities frontier represents Answer Selected Answer: economic growth. B) a natural disaster like a hurricane or bad earthquake. An outward shift of the production possibilities frontier represents an increase in technology, productivity, or supply. One cause could be the effects of natural disasters such as drought, earthquakes or severe floods which destroy built-up capital and potentially causes significant loss of life. An outward shift in the entire production possibilities frontier A. represents economic decline. B) rising prices of the two goods on the production possibilities frontier model. Question 2 2.5 out of 2.5 points "An Inquiry into the Nature and Causes of the Wealth of Nations" published in 1776 was written by Answer Selected Answer: Adam Smith. D) a situation in which a country produces more of one good and less of another. 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