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1.1 Economic methodology and the economic problem

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Question 49

An outward shift (to the right) of a country's production possibility frontier reflects

a redistribution of resources from consumer goods to investment goods.

an increase in the country's productive capacity.

an improvement in the employment rate of existing resources.

a reduction in the economy's opportunity cost of production.

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem