Exhibit 2-19 Production possibilities curves
In Exhibit 2-19, the production possibilities curves for a country are shown for the years Year X and Year Y. Which of the following could have caused a shift for Year X to Year Y in production possibilities curves?
A) An increase in unemployment.
B) A decline in technology.
C) An increase in the stock of capital goods.
D) A natural disaster.
E) More efficient production.
Correct Answer:
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