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PPF - Outward Shifts
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PPF - Outward Shifts
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2. Introductory Economic Models / PPF - Outward Shifts / Problem 7
Problem 7
Analyze the difference between an industry-specific outward shift and a general outward shift in the PPF.
A
Both shifts affect only one industry.
B
An industry-specific shift affects only one industry, while a general shift affects all goods.
C
Both shifts affect all goods equally.
D
An industry-specific shift affects all goods, while a general shift affects only one industry.
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