Referring to a Production Possibilities Curve and the Goods Being

question 237

Multiple Choice

Referring to a production possibilities curve and the goods being compared,depict the economic event.Millions of immigrants came to the United States in the second half of the 19th century to work on the transcontinental railroad (capital goods vs.consumer goods) .

• A)A movement from a point inside the curve to a point on or near the curve
• B)A movement from a point on or near the curve to a point inside the curve
• C)A shift in the entire curve to the right (outward)
• D)A shift in the entire curve to the left (inward)
• E)A movement along the curve

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Definitions:

Raw Score

The original, unadjusted score obtained in a measurement or test.

Z-scores

Standardized scores that indicate how many standard deviations an element is from the mean of its distribution.

Shaded Area

In graphical representations, a portion of the graph that is marked off or colored differently to highlight a particular region or to denote a statistical significance.

Distribution

Describes the way values in a dataset are spread or dispersed across the range of possible values.