analyze-the-difference-between-an-industry-specific-outward-shift-and-a-general-

Question

Analyze the difference between an industry-specific outward shift and a general outward shift in the PPF.

Accepted Answer

An industry-specific shift affects only one industry, while a general shift affects all goods.

Answer

Both shifts affect only one industry.

Answer

Both shifts affect all goods equally.

Answer

An industry-specific shift affects all goods, while a general shift affects only one industry.