Figure 2-4 Figure 2-4 Shows Various Points on Three

question 369

Multiple Choice

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 patent protection period to 30 years
b. an increase of a nation's capital stock
c. an improved property rights system

Which of the events listed above could cause a movement from V to W?

• A) a only
• B) a and b only
• C) a and c only
• D) b and c only
• E) a, b, and c

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Definitions:

Supreme Court

The highest federal court in the United States, holding ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law.

Fundamental Rights

A group of rights that have been recognized by the Supreme Court as requiring a high degree of protection from government encroachment. These rights are specifically identified in the Constitution, especially in the Bill of Rights, or have been found under due process.

Takings Clause

The Fifth Amendment states that “private property [shall not] be taken for public use, without just compensation.” This clause has been incorporated within the Fourteenth Amendment due process, so it also applies to the states.

Fifth Amendment

is an amendment to the U.S. Constitution that provides several protections for people accused of crimes, including protection against self-incrimination and double jeopardy, and ensures due process.