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QUESTION 10 2.5 points Save Answer The question below assumes the following: Florida is an economic system with a PPC that involves producing only 2
QUESTION 10 2.5 points Save Answer The question below assumes the following: Florida is an economic system with a PPC that involves producing only 2 goods, oranges and lemons, with constant opportunity cost. How would a decrease in the availability of inputs for oranges and lemons affect Florida's PPC? O a. movement from a point on the PPC to a point inside the PPC O b. movement from a point inside the PPC to a point on the PPC O c. movement between two points along the PPC O d. shift left (shift inward) in the PPC for both oranges and lemons O e. shift left (shift inward) in the PPC for oranges O f. none of the aboveQUESTION 8 2.5 points Save Answer The question below assumes the following: Florida is an economic system with a PPC that involves producing only 2 goods, oranges and lemons, with constant opportunity cost. If Florida begins with full employment, experiences an increase in the demand for oranges, and ends with full employment, then how does this change in demand affect the PPC of Florida? O a. shift right (shift outward) in the PPC for both oranges and lemons O b. movement between two points along the PPC O c. movement from a point inside the PPC to a point on the PPC O d. shift right (shift outward) in the PPC for oranges O e. none of the aboveQUESTION 9 2.5 points Save Answer The question below assumes the following: Florida is an economic system with a PPC that involves producing only 2 goods, oranges and lemons, with constant opportunity cost. How does a decrease in productivity associated with oranges affect the PPC of Florida: O a. movement from a point on the PPC to a point inside the PPC O b. movement from a point inside the PPC to a point on the PPC O c. movement between two points along the PPC O d. shift left (shift inward) in the PPC for both oranges and lemons O e. shift left (shift inward) in the PPC for oranges O f. none of the above
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