Which of the following will result in an outward shift of the production possibilities curve PPC? ...

Which of the following will result in an outward shift of the production possibilities curve PPC?
 a. A decrease in the quantity of resources
  b. An improvement in the quality of resources
  c. A fall in education standards
  d. An unsustainable growth in population
  e. An increase in unemployment rate

QUESTION 2

Oligopolies can arise as a result of both natural barriers and government created barriers.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 3

If the general education level within a country rises significantly over time, it is likely that:
 a. the country will move to a different point along its current production possibilities curve.
  b. the country's production possibilities curve will not change in any way.
  c. the country's production possibilities curve will shift in.
  d. the country's production possibilities curve will shift out.
  e. the country's production possibilities curve will become convex to the origin.

QUESTION 4

Consumers who are loyal to a brand will purchase products under that brand name even if their prices are above other competing brands.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 5

A point outside the production possibilities curve PPC:
 a. represents inefficient use of resources.
  b. represents the prevalence of unemployment.
  c. is attainable if all resources are used efficiently.
  d. represents more resources than are currently available.
  e. will never be attainable, even if the quantity of resources increases.