Figure 23 Figure 2

question 114

Multiple Choice

Figure 2.3 Figure 2.3 shows various points on three different production possibility frontiers for a nation.
-Refer to Figure 2.3.Consider the following events: a.an increase in the patent protection period to 30 years
b.an increase of a nation's capital stock
c.an improved property rights system
Which of the events listed above could cause a movement from V to W?

Definitions:

Hypotenuse

The longest side of a right-angled triangle, opposite the right angle, calculated with the Pythagorean theorem.

Inches

A unit of length in the British imperial and United States customary systems of measurement, equal to 1/12 of a foot.

Hypotenuse

The longest side of a right-angled triangle, opposite the right angle, calculated as the square root of the sum of the squares of the other two sides.

Right Angle

An angle of 90 degrees.