Multiple Choice
Figure 2.3
Figure 2.3 shows various points on three different production possibility frontiers for a nation.
-Refer to Figure 2.3. A movement from X to Y:
A) could be due to a change in consumers' tastes and preferences.
B) could occur because of an influx of immigrant labour.
C) is the result of advancements in food production technology only, with no change in the technology for plastic production.
D) is the result of advancements in plastic production technology only, with no change in food production technology.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Table 2.7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.7
Q2: Table 2.8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.8
Q4: Figure 2.6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Figure 2.6
Q5: If opportunity costs are constant, how would
Q8: Which of the following would shift a
Q9: Table 2.6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.6
Q31: Entrepreneurs bring together the factors of production
Q78: What is the difference between product markets
Q127: Figure 2-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4188/.jpg" alt="Figure 2-11
Q173: If a commercial dairy farm wants to