Refer to the Above Diagram

question 2

Multiple Choice

Refer to the above diagram.Assume a nation's current production possibilities are represented by the curve AB.Positive economic growth would best be indicated by a:

• A)shift in the curve from AB to CD.
• B)shift in the curve from AB to EF.
• C)movement from point 1 to point 2.
• D)movement from point 3 to point 4.

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Definitions:

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Class Conflict

When the interests of one class are in opposition to those of another.

Caste System

An ascribed system of hereditary class designation.

Social Mobility

Movement between social classes.