The Figure Depicts a Shift in a Society's Production Possibilities

question 123

Multiple Choice

The figure depicts a shift in a society's production possibilities frontier (PPF) for the manufacture of trains and planes: train-manufacturing capacity expands while plane-manufacturing capacity shrinks. Refer to this figure to answer the following questions.

-Which point represents an output that was efficient before the shift but is inefficient afterward?

• A) point A
• B) point B
• C) point C
• D) point D
• E) point E

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Definitions:

Praising Others

The act of expressing approval or admiration for someone's achievements or qualities.

Presidential Veto

The power of the President to reject or refuse to approve a piece of legislation, preventing it from becoming law without further congressional action.

Override

To use authority to reject or cancel a decision, order, or law.

Congress

The national legislative body of the United States, consisting of two chambers: the House of Representatives and the Senate.