When an Economy's Resources Are Not Fully Employed, Then It

question 71

Multiple Choice

When an economy's resources are not fully employed, then it must be true that the:

• A) production point is located outside and to the right of the production possibilities curve.
• B) production point is located along the production possibilities curve.
• C) production point is located inside and to the left of the production possibilities curve.
• D) production possibilities curve shifts to the right.
• E) production possibilities curve shifts to the left.

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Definitions:

Participate

To take part or become involved in a particular activity, event, or situation.

Theory Z

A management philosophy that integrates Japanese and American business practices, emphasizing employee participation, job security, and company loyalty.