In a Certain Economy,jam and Bread Are Produced,and the Economy

question 107

Multiple Choice

In a certain economy,jam and bread are produced,and the economy currently operates on its production possibilities frontier.Which of the following events would allow the economy to produce more jam and more bread,relative to the quantities of those goods that are being produced now?

• A)Unemployed labor is put to work producing jam and bread.
• B)The economy puts its idle capital to work producing jam and bread.
• C)The economy experiences economic growth.
• D)All of the above are correct.

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Definitions:

Enlightenment Thinkers

Intellectuals of the Enlightenment period who advocated for reason, science, and secularism as the paths to knowledge, freedom, and progress.

Individual

A single human being distinct from a group, society, or community.

Ideologies

A framework of thoughts and principles, specifically one that establishes the foundation for policies and theories in politics or economics.

Ruling Class

The social class that decides upon and sets the major policies, owning the majority of wealth, and holds the primary power in a society.