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2. Introductory Economic Models
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Problem 4
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2. Introductory Economic Models
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2. Introductory Economic Models / PPF - Outward Shifts / Problem 4
Problem 4
What is the difference between an industry-specific and a general outward shift in the PPF?
A
An industry-specific shift affects only one industry, while a general shift affects all goods.
B
Both shifts affect all goods equally.
C
An industry-specific shift affects all goods, while a general shift affects only one industry.
D
Both shifts affect only one industry.
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