Figure 2-7 -Refer to Figure 2-7. Which of the Following Would Most

question 203

Multiple Choice

Figure 2-7
-Refer to Figure 2-7. Which of the following would most likely have caused the production possibilities frontier to shift outward from A to B?

• A)an increase in resources necessary to produce capital goods
• B)an improvement in the technology of producing consumer goods
• C)an increase in the overall level of technology in the economy
• D)an increase in unemployment

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Definitions:

Pasteurization

A process of heating food and liquid to a specific temperature to kill harmful bacteria and pathogens, named after the French scientist Louis Pasteur.

Louis Pasteur

A French biologist, microbiologist, and chemist renowned for his discoveries of the principles of vaccination, microbial fermentation, and pasteurization.

Rags to Riches

A phrase describing a person's rise from a state of extreme poverty to one of great wealth or success.

Second Industrial Revolution

A phase of rapid industrialization in the final third of the 19th century and the beginning of the 20th, marked by the spread of new technologies like steel, electricity, and chemicals.