Referring to a Production Possibilities Curve and the Goods Being

question 158

Multiple Choice

Referring to a production possibilities curve and the goods being compared,depict the economic event.The SARS epidemic spreads rapidly throughout Toronto,Canada claiming millions of lives (capital 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:

Slaves

Individuals forced into servitude, deprived of personal freedom and compelled to perform labor or services against their will under the threat of punishment.

1700 and 1780

Reference to a period marked by significant changes, including the growth of European colonial empires and the beginnings of the Industrial Revolution.

European Traders

Refers to merchants from Europe engaged in international trade, notably active in the trade of goods, slaves, and commodities during the colonial period.

African Slaves

People from the African continent forcibly taken and transported to other parts of the world primarily for free labor through the transatlantic slave trade.