Figure 210 Figure 2

question 118

Multiple Choice

Figure 2.10 Figure 2.10 shows various points on three different production possibilities frontiers for a nation.
Alt text for Figure 2.10: In figure 2.10, a graph comparing 3 different production possibilities frontiers for a nation.
Long description for Figure 2.10: The x-axis is labelled, plastic products, and the y-axis is labelled, food products.3 convex curves are shown, with points V, W, X, Y, and Z plotted.The first curve begins just past the half-way point on the y-axis, and ends just past the half-way point on the x-axis.Points W and X are plotted along the curve, with point W approximately 1 third of the way from the start of the curve, and point X more than 2 thirds of the way along the curve.The second curve begins almost 3 quarters of the way up the y-axis and ends just past the termination of the first curve on the x-axis.Point Y is plotted on the second curve, approximately 2 thirds of the way along the curve.The third curve begins at the same point as the second curve, and ends approximately 3 quarters of the way along the x-axis.Point Z is plotted on the third curve, a little less than half-way along the curve.Point V is plotted between the first curve and the origin.
-Consider the following events:
a.a decrease in the unemployment rate
b.general technological advancement
c.an increase in consumer wealth
Refer to Figure 2.10.Which of the events listed above could cause a movement from V to X ?

Definitions:

Progress Report

A document or presentation that outlines the current status, developments, and future plans of a project, task, or research.

Organize

To arrange or systematize things or activities systematically for easier management or retrieval.

Independent Contractor

An individual who provides services to another entity as a non-employee, typically on a contract basis.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.