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Refer to the Above Graph

Question 27

Multiple Choice

  Refer to the above graph.If the production possibilities curve for an economy is at CD but the economy is operating at point X, the reasons are most likely to be: A) technological progress and industrial change. B) increases in the quantity and the quality of resources. C) improvement in labour productivity and the number of worker-hours. D) lack of full employment and inefficient allocation of resources. Refer to the above graph.If the production possibilities curve for an economy is at CD but the economy is operating at point X, the reasons are most likely to be:


A) technological progress and industrial change.
B) increases in the quantity and the quality of resources.
C) improvement in labour productivity and the number of worker-hours.
D) lack of full employment and inefficient allocation of resources.

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