Referring to a production possibilities curve and the goods being compared,depict the economic event.Widespread use of the assembly line revolutionizes U.S.industry in the early 20th century (capital vs.consumer goods).
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

The widespread use of the assembly line would increase the efficiency and productivity of U.S. industry, allowing for more capital goods to be produced. This would result in a shift of the entire production possibilities curve to the right (outward), indicating an increase in the maximum amount of both capital and consumer goods that can be produced.

Referring to a Production Possibilities Curve and the Goods Being