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: 
Definitions:
Efficient Way
A method or approach characterized by achieving a desired outcome with the least waste of time, effort, or resource.
Font Color
The color applied to text in a document or application, contributing to the visual design and readability.
Number Format
The specification of how numeric values are displayed, including the use of decimal points, commas, and digits after the decimal.
Roman Numeral
A numeral system originating in ancient Rome, using combinations of letters from the Latin alphabet (I, V, X, L, C, D, M) to signify values.
Q2: The journal entry to record amortization of
Q9: A tariff always lowers the well-being of
Q10: It has been observed that trade within
Q11: The rapid accumulation of capital and worker
Q15: Country Y has 15 thousand acres of
Q26: The figure given below shows the post-trade
Q44: The impact of economic growth on a
Q47: Suppose country A, a labor-abundant country, produces
Q58: Intra-industry trade in differentiated products is negligible
Q95: On January 1, 2011, Jantzen Company sold