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Figure 2.3 Figure 2.3 Shows Various Points on Three Different Production Possibility

Question 103

Multiple Choice

Figure 2.3
Figure 2.3     Figure 2.3 shows various points on three different production possibility frontiers for a nation. -Refer to Figure 2.3. Consider the following events: A.an increase in the patent protection period to 30 years B.an increase of a nation's capital stock C.an improved property rights system Which of the events listed above could cause a movement from V to W? A) a only B) a and b only C) a and c only D) a, b and c
Figure 2.3 shows various points on three different production possibility frontiers for a nation.
-Refer to Figure 2.3. Consider the following events:
A.an increase in the patent protection period to 30 years
B.an increase of a nation's capital stock
C.an improved property rights system
Which of the events listed above could cause a movement from V to W?


A) a only
B) a and b only
C) a and c only
D) a, b and c

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