Figure 2-7 -Refer to Figure 2-7. What Would Most Likely Have Caused

question 153

Multiple Choice

Figure 2-7
-Refer to Figure 2-7. What would most likely have caused the production possibilities frontier to shift outward from A to B?

• A) an increase in resources necessary to produce capital goods
• B) an improvement in the technology of producing consumer goods
• C) an increase in the overall level of technology in the economy
• D) an increase in opportunity cost

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