Suppose That an Economy Can Produce Various Combinations of Fish

question 154

Multiple Choice

Suppose that an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve (PPC) change?

• A) The PPC would shift outward on the fish axis, but would not change on the bread axis.
• B) The PPC would shift outward equally along both the fish and the bread axes.
• C) The PPC would shift inward on the bread axis, but would not change on the fish axis.
• D) The PPC would shift inward equally along both the fish and the bread axes.

---

Definitions:

Skilled Industrial Jobs

Positions that require specific technical skills and training, typically in a manufacturing or industrial setting.

Great Uprising

Refers to a significant and widespread strike or series of labor protests, such as the great railroad strike of 1877 in the United States, exemplifying workers' struggles for fair labor practices and conditions.

Capital Owners

Individuals or entities that own assets used in the production of goods and services, such as machinery, buildings, or money.

Cooperatives

Organizations or businesses owned and operated by their members, who share the benefits or profits.