Multiple Choice
Referring to a production possibilities curve and the goods being compared,depict the economic event.Millions of immigrants came to the United States in the second half of the 19th century to work on the transcontinental railroad (capital goods vs.consumer goods) .
A) A movement from a point inside the curve to a point on or near the curve
B) A movement from a point on or near the curve to a point inside the curve
C) A shift in the entire curve to the right (outward)
D) A shift in the entire curve to the left (inward)
E) A movement along the curve
Correct Answer:

Verified
Correct Answer:
Verified
Q232: Which of the following will shift an
Q233: According to the law of increasing costs,as
Q234: The law of increasing costs is based
Q235: Assuming the inner curve is our current
Q236: Hypothetical Production Schedule for a Two-Product
Q238: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5852/.jpg" alt=" -If the
Q239: Hypothetical Production Schedule for a Two-Product
Q240: If our economy is operating at peak
Q241: Statement I.Labor and capital are resources.<br>Statement II.Scarcity
Q242: We temporarily operated outside our production possibilities