Graph 2-7 -Refer to Graph 2-7. in the Production Possibilities Frontier Shown

question 133

Multiple Choice

Graph 2-7

-Refer to Graph 2-7. In the production possibilities frontier shown, the movement from point C to point E was most likely caused by:

• A) an increase in society's preference for pretzels
• B) a decrease in society's preference for potato chips
• C) unemployment
• D) both A and B

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Definitions:

Decedent

A term for a person who has died, often used in legal contexts, especially in matters of estate and inheritance.

Will

A legal document in which a person states how he or she wants property and possessions distributed after death.

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not; the traditional concept extends to include relatives.