Graph 2-6 -Refer to Graph 2-6.According to the Graph, the Shift of the Shift

question 54

Multiple Choice

Graph 2-6
-Refer to Graph 2-6.According to the graph, the shift of the production possibilities frontier from frontier A to frontier B was most likely caused by which of the following?

• A)an improvement in the technology of producing capital goods
• B)an improvement in the technology of producing consumer goods
• C)a general improvement in technology
• D)a reduction in the availability of resources

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Definitions:

Associate's Degree

A two-year undergraduate degree awarded by colleges upon completion of a specific course of study.

Bachelor's Degree

An undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years (depending on institution and academic discipline).

Deep Depression

A severe state of mental health characterized by intense feelings of sadness, hopelessness, and a lack of interest in life.

Negative Thoughts

Mental processes or statements that reflect pessimism, criticism, or defeat, often affecting one's outlook and mental health.