Use the Figure Below to Answer the Following Questions

question 156

Multiple Choice

Use the figure below to answer the following questions.

Figure 2.1.3
-Figure 2.1.3 illustrates Mary's production possibilities frontier. If Mary wants to move from point B to point C,

• A)it will be necessary to improve technology.
• B)it will be necessary to increase the accumulation of capital.
• C)it will be necessary to give up some of good X to obtain more of good Y.
• D)it will be necessary to give up some of good Y to obtain more of good X.
• E)she can accomplish this without any opportunity cost.

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Definitions:

Employment Act of 1967

U.S. legislation aimed at promoting maximum employment, production, and purchasing power, often associated with measures to combat unemployment and inflation.

Corporate Philanthropy

Effort of an organization to make a contribution to the communities in which it earns profits.

Public Radio Station

A radio station that is funded by public means, such as government grants and listener donations, rather than commercial advertising.