Use the Following to Answer Questions

question 127

Multiple Choice

Use the following to answer questions :
Figure: Production Possibilities and Circular-Flow Diagram
-(Figure: Production Possibilities and Circular-Flow Diagram) Look at the figure Production Possibilities and Circular-Flow Diagram. Assume the two figures represent the same economy. Suppose that in the circular-flow diagram most firms undergo a significant increase in productivity. This results in a significant increase in the output of both coconuts and fish. If all other variables remain unchanged, then the adjustment in this economy would be best represented in the production possibilities figure by a movement from point A toward:

• A)point A (no movement).
• B)point B (a decrease in coconut production and an increase in fish production).
• C)point C (a decrease in coconut production).
• D)point D (an outward shift of the entire curve).

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Definitions:

Kairos

An opportune moment for decision or action; in rhetoric, the right or opportune time to say or do the right thing.

Fundamental Aspect

An essential, core feature or component of a concept, theory, or system.

Existential Therapist

An existential therapist focuses on concerns related to existence, such as death, freedom, isolation, and meaning, helping clients face the anxieties of life directly to find personal meaning and values.

Fundamental Aspect

An essential or core part of something that is necessary for its existence or functioning.