Figure 2-4 Figure 2-4 Shows Various Points on Three Different Production Possibilities

question 256

Multiple Choice

Figure 2-4

Figure 2-4 shows various points on three different production possibilities frontiers for a nation.
-Refer to Figure 2-4.A movement from X to Y

• A)could be due to a change in consumers' tastes and preferences.
• B)could occur because of an influx of immigrant labor.
• C)is the result of advancements in food production technology only, with no change in the technology for plastic production.
• D)is the result of advancements in plastic production technology only, with no change in food production technology.

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Definitions:

PowerPoint

A presentation program developed by Microsoft, used for creating slideshows composed of text, graphics, and other objects, which can be displayed on-screen and navigated through by the presenter or printed out on transparencies or slides.

Storyboards

Visual representations of a film, animation, or story sequence, used for planning and communication purposes.

Minimum Viable Product

A product with just enough features to satisfy early customers and provide feedback for future product development.

Entrepreneur

An individual who starts and manages a business venture, taking on financial risks in the hope of profit.