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​Exhibit 3-10 -Refer to Exhibit 3-10. Societies Choose Between the Level of the Level

Question 119

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​Exhibit 3-10 ​Exhibit 3-10   -Refer to Exhibit 3-10. Societies choose between the level of consumption goods and capital goods. With reference to the diagram, if a society moves from Point B to Point A: A) ​it is opting for more consumption in the current time period. B) ​there is no change in consumption or investment, simply a change in the allocation of resources.An equal amount of consumption and investment occur anywhere along the production possibilities curve. C) ​it is sacrificing present consumption for economic growth in the future. D) ​the economy is producing a lower overall level of output.
-Refer to Exhibit 3-10. Societies choose between the level of consumption goods and capital goods. With reference to the diagram, if a society moves from Point B to Point A:


A) ​it is opting for more consumption in the current time period.
B) ​there is no change in consumption or investment, simply a change in the allocation of resources.An equal amount of consumption and investment occur anywhere along the production possibilities curve.
C) ​it is sacrificing present consumption for economic growth in the future.
D) ​the economy is producing a lower overall level of output.

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