Multiple Choice
Use the following to answer questions
-(Exhibit: Production Possibilities Curve-Military and Civilian Goods) The movement from point G on Curve 1 to point E on Curve 2 means that the:
A) economy has grown.
B) economy has become more efficient.
C) quality and/or the quantity of the factors of production has decreased.
D) demand for military goods has risen.
Correct Answer:
Verified
Correct Answer:
Verified
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