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Subject - Economics:

Microeconomics

MCQ - 19-4029

Question:

2 Dup 3 -74124456
Using the diagram above, which of the following might have caused the outward movement of the production possibility frontier?

  1. A decrease in the availability of fertile farmland
  2. A plague of destructive grasshoppers
  3. An increase in the productivity of the labor force
  4. A plague of destructive grasshoppers
  5. A decline in the rate of technological improvements

Correct Answer: C

Explanation:

Economic growth is the result of better, or more economic, resources or more technological progress. A more productive labor force increases the PPF for both goods.

Record Performance

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

Read the MCQ statement: Using the diagram above, which of the following might have caused the outward movement of the production possibility frontier? , 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. 19-4029.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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