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?
Definitions:
Starting Salaries
The initial amount of money that an employee earns annually when beginning a new job.
Standard Deviation
A system for evaluating the degree of dispersion or deviation among a collection of statistics.
Normally Distributed
A type of distribution in which data is symmetrically distributed with most of the observations clustering around the central peak and the probabilities for values further away from the mean tapering off equally on both sides.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values are close to the mean of the set.
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