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Figure 1.3 -What Change Would Have to Occur in Order to Allow

Question 52

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Figure 1.3 -What change would have to occur in order to allow the economy to move from point B to point D in Figure 1.3? A) There would have to be economic growth. B) Resources would have to be re-directed from producing housewares to producing consumer electronics. C) Resources would have to be re-directed from producing consumer electronics to producing housewares. D) There would have to be an increase in the amount of inputs needed to produce a given quantity of housewares. Figure 1.3
-What change would have to occur in order to allow the economy to move from point B to point D in Figure 1.3?


A) There would have to be economic growth.
B) Resources would have to be re-directed from producing housewares to producing consumer electronics.
C) Resources would have to be re-directed from producing consumer electronics to producing housewares.
D) There would have to be an increase in the amount of inputs needed to produce a given quantity of housewares.

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