FIGURE 2-8

-Refer to Figure 2-8. In order for the economy to move from Point B to Point E at a given point in time, what would it have to do?

Question

FIGURE 2-8
 
-Refer to Figure 2-8. In order for the economy to move from Point B to Point E at a given point in time, what would it have to do?

Quizplus · Accepted Answer

In order for the economy to move from Point B to Point E, it would need to increase its productive capabilities. This could involve improving technology, increasing efficiency, or allocating resources more effectively. Sacrificing one type of good for another (choices A and B) would not necessarily lead to an increase in overall production, and stopping wasting resources (choice C) would only maintain the current level of production, not necessarily increase it.

FIGURE 2-8 -Refer to Figure 2-8. in Order for the Economy to for the Economy