Assume That a Change in Government Policy Results in the Increased

question 232

Multiple Choice

Assume that a change in government policy results in the increased production of both consumer goods and investment goods.It can be concluded that:

• A)the economy was suffering from unemployment and/or the inefficient use of resources before the policy change.
• B)the economy's production possibilities curve has been shifted to the left as a result of the policy decision.
• C)this economy's production possibilities curve is convex (bowed inward) as viewed from the origin.
• D)the law of increasing opportunity costs does not apply in this society.

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Definitions:

Abortifacients

Substances that induce abortion by inhibiting the viability of a fetus or by stimulating menstrual flow.

Termination

The act of ending or concluding something, such as a job, contract, or relationship.

Pregnancy

The condition of carrying one or more embryos or fetuses within the female body, typically lasting around nine months.

Abortion Services

Medical and support services offered to individuals seeking to terminate a pregnancy.