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Figure 1.3 -What Change Would Occur If the Economy Moves from Point

Question 50

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Figure 1.3 -What change would occur if the economy moves from point C to point B in Figure 1.3? A) Previously unemployed resources would be used to produce housewares. B) Previously unemployed resources would be used to produce consumer electronics. C) Resources previously devoted to producing consumer electronics would be used to produce housewares. D) Resources previously devoted to producing housewares would be used to produce consumer electronics. Figure 1.3
-What change would occur if the economy moves from point C to point B in Figure 1.3?


A) Previously unemployed resources would be used to produce housewares.
B) Previously unemployed resources would be used to produce consumer electronics.
C) Resources previously devoted to producing consumer electronics would be used to produce housewares.
D) Resources previously devoted to producing housewares would be used to produce consumer electronics.

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