Use the List Below to Answer the Following Question: 1

question 117

Multiple Choice

Use the list below to answer the following question: 1.Improvements in technology.
2) Increases in the supply (stock) of capital goods.
3) Purchases of expanding output.
4) Obtaining the optimal combination of goods,each at least-cost production.
5) Increases in the quantity and quality of natural resources.
6) Increases in the quantity and quality of human resources.
Which set of items in the list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?

• A) 1,2,5,and 6 only.
• B) 3 and 4 only.
• C) 3 only.
• D) 1,3,and 4 only.

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Definitions:

Household Income

The combined gross income of all members of a household, typically measured to understand the economic status or to qualify for various programs or loans.

Child and Dependent

Refers to individuals for whom a taxpayer can claim a dependency exemption.

Care Credit

A healthcare credit card designed to help consumers pay for medical expenses not covered by insurance, with special financing options.

Qualified Day Care

A childcare service that meets governmental regulations and standards, expenses for which may be eligible for tax deductions or credits.