THE "WAR ON TERROR" WAGED BY THE UNITED STATES

112. - TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
112.The "war on terror" waged by the United States:

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shifted the production possibilities curve to the right.shifted the production possibilities curve inward.caused the United States to shift from "defense goods" to "civilian goods."→ caused the perceived marginal benefit curve for "defense goods" to shift out. AACSB: AnalyticBlooms: RememberDifficulty: 2 MediumLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Topic: Economic perspectivesTopic: EconomicsMultiple Choice Question