Examlex

Solved

The Figure Given Below Shows a Shift in the Production-Possibility

question 32

Multiple Choice

The figure given below shows a shift in the production-possibility curve of a country from AB to AC. Here, S1 and C1 are the initial production and consumption points respectively. S2 and C2, on the other hand, are the final production and consumption points respectively. The shifts shown in the given figure indicate that: The figure given below shows a shift in the production-possibility curve of a country from AB to AC. Here, S<sub>1</sub> and C<sub>1</sub> are the initial production and consumption points respectively. S<sub>2</sub> and C<sub>2</sub>, on the other hand, are the final production and consumption points respectively. The shifts shown in the given figure indicate that:   A) the domestic demand for wheat is higher than the demand in the international market. B) the country can now consume more of both goods. C) the world price of wheat has increased. D) the terms of trade for this country have deteriorated.


Definitions:

People-oriented Instructors

Educators or trainers who focus primarily on the learners' experiences, needs, and emotional well-being.

Shared Leadership Roles

A leadership approach where responsibilities and roles are distributed among team members, promoting collaboration and collective decision-making.

Formally Assigned

Being officially allocated or designated a specific role, duty, or task by an authoritative body or person within an organization.

Behavioral Perspective

Is an approach in psychology and organizational studies focusing on understanding and influencing behavior through observation and learning theories.

Related Questions