Refer to the Above Figure

question 196

Multiple Choice

Refer to the above figure. How do you describe what is happening as the economy moves from point A to point B?

• A) The economy has acquired new resources that are well suited for producing wool.
• B) Land that was once used to grow wheat is now being used to graze sheep.
• C) The economy is producing more bread by choosing to produce less wool.
• D) The technology for growing wheat has improved.

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Definitions:

Tender Of Performance

An offer by one party to perform their obligations under a contract, in accordance to the contract's terms.

Conditional

Depending on or subject to one or more conditions or requirements being met; not absolute.

Unconditionally Offers

The act of making an offer without attaching any conditions or stipulations.

Discharges

The release, settlement, or extinguishment of a duty, liability, or obligation.