Use the Following to Answer Questions

question 26

Multiple Choice

Use the following to answer questions :
Figure 1-1
-In Figure 1-1, what could account for a shift in the frontier from AE to A' E'?

• A)A decrease in unemployment.
• B)A decrease in inflation.
• C)A war.
• D)An increase in technology.
• E)None of the above.

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Definitions:

Nuts

Edible seeds of certain plants, enclosed in a hard shell, and often consumed as a nutrient-rich food.

Utility Function

Represents the satisfaction or welfare an individual obtains from consuming goods and services, indicating preferences over various bundles of goods.

Nuts

Specifically, types of fruit composed of a hard shell and a seed, which are generally rich in nutrients.

Berries

Small, juicy fruits with a high seed content, often colorful and consumed as food; includes strawberries, blueberries, raspberries, and many others.