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Figure 23 Figure 2

Question 180

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.a decrease in the unemployment rate b.general technological advancement c.an increase in consumer wealth Which of the events listed above could cause a movement from V to W? A) a only B) a and b only C) b 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.a decrease in the unemployment rate
b.general technological advancement
c.an increase in consumer wealth
Which of the events listed above could cause a movement from V to W?


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

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