Refer to the Information Provided in Figure 2

question 84

Multiple Choice

Refer to the information provided in Figure 2.6 below to answer the questions that follow. Figure 2.6
-Refer to Figure 2.6. Which of the following is most likely to shift the production possibility frontier from ppf1 to ppf2?

• A) a change in consumer tastes
• B) the purchase of stocks on the New York Stock Exchange
• C) moving resources from capital to consumer goods
• D) an increase in the general educational level of the population

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Definitions:

Payment

A transaction or arrangement in which money is exchanged for goods or services.

Business Day

A day on which businesses are normally open for operations, excluding weekends and public holidays.

Depositor

An individual or entity that places money into a bank account for safekeeping.

Deposit

A sum of money placed in an account or given as security for a financial transaction or agreement.