Referring to a production possibilities curve and the goods being compared,depict the economic event.The Soviet Union entered World War II at a full employment production level (guns vs.butter).
A)A movement from a point inside the curve to a point on or near the curve
B)A movement from a point on or near the curve to a point inside the curve
C)A shift in the entire curve to the right (outward)
D)A shift in the entire curve to the left (inward)
E)A movement along the curve

Question

Quizplus · Accepted Answer

Entering World War II at full employment would necessitate reallocating resources from civilian (butter) to military (guns) production, represented by a movement along the production possibilities curve, not a shift of the curve itself.

Referring to a Production Possibilities Curve and the Goods Being