Figure 2-10 -Refer to Figure 2-10,Panel (A)and Panel (B).A Shift of the Shift

question 80

Multiple Choice

Figure 2-10

-Refer to Figure 2-10,Panel (a) and Panel (b) .A shift of the economy's production possibilities frontier from Panel (a) to Panel (b) could be caused by

• A)unemployment.
• B)an improvement in sofa production technology.
• C)an improvement in tractor production technology.
• D)an improvement in both sofa and tractor production technology.

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Definitions:

Theorem

A statement or proposition that is proven on the basis of previously established statements or proofs.

Sampling Error

The difference between the characteristics of a sample and those of the population from which it was drawn, arising purely by chance.

Directional Research Hypothesis

A hypothesis that specifies the direction of the expected difference or relationship between variables, predicting how one variable will affect another.