Refer to the Accompanying Graph

question 192

Multiple Choice

Refer to the accompanying graph. If the production possibilities curve for an economy is at CD but the economy is operating at point X, the reasons are most likely to be because of

• A) technological progress and industrial change.
• B) increases in the quantity and the quality of resources.
• C) improvement in labor productivity and the number of work-hours.
• D) unemployment and inefficient allocation of resources.

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