-Refer to the Production Possibility Graph Above

question 22

Multiple Choice

-Refer to the production possibility graph above.Assume that the economy is in equilibrium at point e.If a war reduces the country's capital stock by 40%,the new equilibrium is most likely to be

• A) point b.
• B) point h.
• C) point f.
• D) point d.
• E) point e.

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Definitions:

Stoic

Pertaining to Stoicism, an ancient Greek philosophy that teaches virtue, wisdom, and endurance as the means to a tranquil and virtuous life.

Stoicism

Stoicism is an ancient philosophy that teaches the development of self-control and fortitude as a means of overcoming destructive emotions.

Onus

The responsibility or burden to prove something or to take action.

Individual

Pertaining to or characteristic of a single, particular person or thing.