Post Utme Greenfield University 2017 Economics Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 36 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective

Suppose a country's production possibilities frontier (PPF) shifts outward due to an increase in the availability of a key input. Which of the following would be a likely consequence of this shift?

Answer Options

A. An increase in the opportunity \cost of producing goods
Correct Answer B. A decrease in the opportunity \cost of producing goods
C. A shift in the production possibilities frontier to the left
D. A shift in the production possibilities frontier to the right
Correct Answer
B
Correct Option:
A decrease in the opportunity \cost of producing goods

About This Question

This is Post Utme Greenfield University 2017 Economics Question 36. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

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