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Which of the shifts explains what would happen to the production possibility curve if improved technologies increased the production of prekindergarten (Pre-K) toys by 25 percent and the production of children's toys by 50 percent? A. I B. II C. III D. IV Ans: C AACSB: Analytic Bloom’s: Apply Difficulty: 03 Hard Learning Objective: 02-02 Topic: Comparative Advantage Feedback: Technological development will increase the production of both toys but will increase the production of children's toys by a greater percentage, making III the correct answer. [Question] 54. Refer to the graph below.

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Test Bank for Economics 10th Colander  

Test Bank Economics 10th Edition Colander 2017 (Test Bank Download) (9781259193156) (1259193152). Instant access. All chapter are included....

Test Bank for Economics 10th Colander  

Test Bank Economics 10th Edition Colander 2017 (Test Bank Download) (9781259193156) (1259193152). Instant access. All chapter are included....