The figure below shows the production possibilities frontier for capital goods and consumption goods. Current production at _____ would lead to the largest outward shift in the production possibilities frontier in a later year _____.
Figure 2.7
A) Point a; because this point represents a greater consumption level than point b
B) Point b; because this point represents greater total production than the other two points
C) Point c; because this point represents a greater consumption level than the other two points
D) Point b; because this point represents greater production of capital than point c
E) Point c; because this point represents greater production of capital than the other two points
Correct Answer:
Verified
Q113: A production possibilities frontier can shift outward
Q130: The U.S.economy is best characterized as a:
A)barter
Q136: The figure given below has four graphs
Q137: The following figure has four graphs showing
Q140: The law of increasing opportunity cost explains
Q144: An improvement in technology
A)will always result in
Q149: The production possibilities frontier will shift if
Q155: On a production possibilities frontier, the opportunity
Q179: The economic question of what will be
Q191: Recognizing the incentive power of property rights
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents