Figure 2-7 -Which of the Following Could Explain the Shift in the the Shift

question 122

Multiple Choice

Figure 2-7

-Which of the following could explain the shift in the production possibilities frontier shown in Figure 2-7 from AC to AB?

• A) technical improvements in both petroleum and clothing production
• B) a productive improvement in clothing production that has no effect on petroleum production
• C) a decrease in the size of the labor force that can produce either petroleum products or clothing
• D) major oil reserves in Alaska are declared off-limits to producers in order to protect the environment
• E) major oil reserves are discovered off the coast of Africa

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Definitions:

Apartment Complex

A large building or series of buildings containing multiple apartment units, typically owned by a single entity.

In-state Residents

Individuals who live within the geographical boundaries of a particular state and are often eligible for benefits or rates not available to non-residents.

Quota Sampling

A non-probability sampling technique where individuals or elements are selected based on specific traits or characteristics until a quota is met.

Nonrandom Component

The portion of variability in data that is attributable to specific, deterministic causes, as opposed to random variation.