The Diagram Below Shows Two Production Possibilities Boundaries for Country

question 62

Multiple Choice

The diagram below shows two production possibilities boundaries for Country X. FIGURE 1- 3
-Refer to Figure 1- 3. If Country X is currently producing at point A, it could move to point B if

• A) Country X is no longer able to produce the quantity of capital goods at point A.
• B) some resources were switched from the consumption goods industries to the capital goods industries.
• C) some resources were switched from the capital goods industries to the consumption goods industries.
• D) the cost of producing consumer goods were to increase.
• E) the cost of producing capital goods were to increase.

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Definitions:

Economic Gains

The increase in wealth, income, or resources resulting from activities such as investment, trade, or business operations.

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A mechanism of evolution that refers to random changes in the frequency of alleles (variants of a gene) in a population over time.

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The ability to understand and share the feelings of another person from their perspective, essentially putting oneself in their shoes.