Multiple Choice
The diagram below shows two production possibilities boundaries for Country X. FIGURE 1- 3
-Refer to Figure 1- 3. If Country X is currently producing at point A, it could move to point B if
A) Country X is no longer able to produce the quantity of capital goods at point A.
B) some resources were switched from the consumption goods industries to the capital goods industries.
C) some resources were switched from the capital goods industries to the consumption goods industries.
D) the cost of producing consumer goods were to increase.
E) the cost of producing capital goods were to increase.
Correct Answer:

Verified
Correct Answer:
Verified
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