Figure 2-4

Figure 2-4 shows various points on three different production possibilities frontiers for a nation.
-Refer to Figure 2-4.Consider the following movements:
A.from point V to point W
B.from point W to point Y
C.from point Y to point Z
Which of the movements listed above represents economic growth?
A)a, b, and c
B)b and c only
C)a only
D)b only

Question

Figure 2-4
  
Figure 2-4 shows various points on three different production possibilities frontiers for a nation.
-Refer to Figure 2-4.Consider the following movements:
A.from point V to point W
B.from point W to point Y
C.from point Y to point Z
Which of the movements listed above represents economic growth?
A)a, b, and c 
B)b and c only 
C)a only 
D)b only

Quizplus · Accepted Answer

Economic growth is represented by an outward shift of the production possibilities frontier, which is shown by movements from W to Y and Y to Z.

Figure 2-4 Figure 2-4 Shows Various Points on Three Different Production Possibilities