Solved

Figure 11-1 ​

Question 51

Multiple Choice

Figure 11-1
​ Figure 11-1 ​ -In Figure 11-1, what can be concluded about the economy if production moves from Point D to Point A? A) An improvement of calculator technology B) An increase in resources for producing other goods C) A reduction in the need for calculators in the economy D) A more equal distribution of resources in the economy
-In Figure 11-1, what can be concluded about the economy if production moves from Point D to Point A?


A) An improvement of calculator technology
B) An increase in resources for producing other goods
C) A reduction in the need for calculators in the economy
D) A more equal distribution of resources in the economy

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q46: After the Arab oil embargoes, there was

Q47: An economy is judged efficient if<br>A)it is

Q48: Before a market allocation of goods on

Q49: The task of deciding which consumer gets

Q50: Central planning is an efficient method for

Q52: A factory in a centrally planned economy

Q53: An unplanned economy operating under laissez-faire<br>A)allocates resources

Q54: An efficient distribution of goods requires that<br>A)everyone

Q55: In a free market, a given unit

Q56: Scarcity is illustrated graphically by a production