An Inward Shift of the Production Possibilities Curve

question 27

Multiple Choice

An inward shift of the production possibilities curve

• A)represents an economic decline.
• B)means that the previous levels of production are now unobtainable except under unusual circumstances such as war.
• C)means that the economy can produce more of both goods.
• D)All of the choices are true.
• E)represents an economic decline AND means that the previous levels of production are now unobtainable except under unusual circumstances such as war.

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Definitions:

Hydrograph

A chart that shows the flow of water, typically in rivers or streams, over a period of time, illustrating changes in water level or discharge.

River's Discharge

The volume of water flowing through a river channel at any given location and time, typically measured in cubic meters per second.

Time Change

An alteration in the standard time, usually referring to adjustments made for daylight saving time or time zone changes.

Erosion

A method where natural powers transport soils, rocks, or substances in solution from their original place to a new location.