Figure 71 Alt Text for Figure 7

question 278

Multiple Choice

Figure 7.1 Alt text for Figure 7.1: In figure 7.1, a graph comparing capital per hour worked and real GDP per hour worked.
Long description for Figure 7.1: The x-axis is labelled, capital per hour worked, K/L, with values 40,000 and 60,000 marked.The y-axis is labelled, real GDP per hour worked, Y/L, with 0 at the vertex.3 concave curves, each originating from the vertex are shown.4 points A, B, C, and D are plotted such that point A has 40,000 as the x coordinate, and points B, C, and D have 60,000 as the x coordinate.The 3 curves pass through these points.The curve labelled, Production function 1, passes through point B.The curve labelled, Production function 2, passes through points A and C.The curve labelled, Production function 3, passes through point D.
-Refer to Figure 7.1. Which of the following could cause an economy to move from point C to B?

• A)Restrictions on foreign direct investment and international migration.
• B)Government funding of universities.
• C)Policies that encourage firms to adopt new production technology.
• D)The introduction of computer coding classes in primary education.
• E)An economy gaining more capital.

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Definitions:

Overextending

The act of committing oneself beyond what is manageable or financially comfortable.

Syntax

the set of rules, principles, and processes that govern the structure of sentences in a given language, specifically the arrangement of words and phrases to create meaningful sentences.

Linguistic Processes

Cognitive and neurological functions involved in the comprehension, production, and manipulation of language.

Lateralization

The tendency for some neural functions or cognitive processes to be more dominant in one hemisphere of the brain than the other.