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Figure 2-4 Figure 2-4 Shows Various Points on Three

Question 66

Multiple Choice

Figure 2-4 Figure 2-4 Figure 2-4 shows various points on three different production possibilities frontiers for a nation. -According to the production possibility model, if more resources are allocated to the production of physical and human capital, then which of the following is likely to happen? A) Fewer goods will be produced for consumption today. B) The production possibilities frontier will be shifted inward in the future. C) Future economic growth will decline. D) The country's total production will fall. Figure 2-4 shows various points on three different production possibilities frontiers for a nation.
-According to the production possibility model, if more resources are allocated to the production of physical and human capital, then which of the following is likely to happen?


A) Fewer goods will be produced for consumption today.
B) The production possibilities frontier will be shifted inward in the future.
C) Future economic growth will decline.
D) The country's total production will fall.

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