Refer to the information provided in Figure 11.4 below to answer the questions that follow. Figure 11.4
-Refer to Figure 11.4. Which of the following causes the economy to move from Point E to Point A?
A) an oil embargo that increases the price of oil
B) technological progress
C) stricter immigration enforcement
D) an increase in the price level

Question

Refer to the information provided in Figure 11.4 below to answer the questions that follow.  Figure 11.4
-Refer to Figure 11.4. Which of the following causes the economy to move from Point E to Point A?
A) an oil embargo that increases the price of oil 
B) technological progress 
C) stricter immigration enforcement 
D) an increase in the price level

Quizplus · Accepted Answer

Technological progress can increase productivity, leading to economic growth, which is represented by a movement from a lower point (E) to a higher point (A) on the production possibilities frontier.

Refer to the Information Provided in Figure 11