4. An economy produces hot dogs and hamburgers. If a discovery of the remarkable health benefits of...

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4. An economy produces hot dogs and hamburgers. If a discovery of the remarkable health benefits of hot dogs were to change consumers' preferences, what would happen?

a. it would expand the production possibilities frontier

b. it would contract the production possibilities frontier

c. it would move the economy along the production possibilities frontier

d. it would move the economy inside the production possibilities frontier

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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