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Subject - Economics:

Microeconomics

MCQ - 112-4122

Question:

Which of the following scenarios would increase a nation’s production possibility frontier (PPF)?

  1. The nation’s system of higher education slowly declines in quality.
  2. The nation invests in research and development of new technology.
  3. The nation’s infant mortality rate increases.
  4. The nation invests in research and development of new technology.
  5. Mineral reserves are exhausted.

Correct Answer: B

Explanation:

Nations that invest in research and technology expect the PPF to expand; the key to economic growth.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Which of the following scenarios would increase a nation’s production possibility frontier (PPF)? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 112-4122.

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