Figure 2-4 
Figure 2-4 shows various points on three different production possibilities frontiers for a nation.
-Refer to Figure 2-4. Consider the following events:
a. an increase in the unemployment rate
b. general technological advancement
c. a decrease in consumer wealth
Which of the events listed above could cause a movement from X to V?
Definitions:
Full Time
Employment status where individuals work a minimum number of hours defined by their employer as full-time.
Business Profits
The excess of revenues generated from business activities over the costs incurred in producing those revenues, reflecting the financial success of a business.
Partners
Individuals or entities who share ownership and responsibilities in managing a business or specific venture.
Income
Payments that are regularly collected from employment activities or the investment of funds.
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