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Refer to the Accompanying Diagram

Question 181

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  Refer to the accompanying diagram. If the production possibilities of an economy are shown by curve AB but the economy is operating at point 4, the reasons are most likely to be because of A)  supply and environmental factors. B)  demand and efficiency factors. C)  labor inputs and labor productivity. D)  technological progress. Refer to the accompanying diagram. If the production possibilities of an economy are shown by curve AB but the economy is operating at point 4, the reasons are most likely to be because of


A) supply and environmental factors.
B) demand and efficiency factors.
C) labor inputs and labor productivity.
D) technological progress.

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