Use the Following to Answer Question

question 146

Multiple Choice

Use the following to answer question:

-(Figure: Production Possibilities and Circular-Flow Diagram) Use Figure: Production Possibilities and Circular-Flow Diagram.Assume the two figures represent the same economy.Suppose that in the circular-flow diagram there is a significant increase in the amount of human capital flowing to both coconut producers and fish producers.If all other variables remain unchanged,then the adjustment in this economy would be BEST represented in the production possibilities figure by a movement from point A toward:

• A)point A (no movement).
• B)point B (a decrease in coconut production and an increase in fish production).
• C)point C (a decrease in coconut production).
• D)point D (an outward shift of the entire curve).

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Definitions:

Y-intercept

The location on a graph where a line intersects with the y-axis, showing the dependent variable's value at the point the independent variable equals zero.

Data

Facts and statistics collected together for reference or analysis.

Linear Regression Equation

An equation used to predict the value of a dependent variable based on one or more independent variables, typically in the form y = mx + b.

Report

A document that presents information compiled systematically for a clear and precise dissemination of information to a specific audience.