Figure 2-4 Food products Plastic products Figure 2-4 shows various points on three different production possibilities...

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Figure 2-4 Food products Plastic products 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. a decrease in the une mployment rate b. general technological advancement c. anincrease in consumer wealth Which of the events listed above could cause a movement from V to x ? O a only O a and b only O b and c only O a, b, and c

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Answer 1

Answer #1

Solution: a decrease in the unemployment rate

Explanation: Decreases in unemployment rate move the production point near to the PPF (toward the origin) representing higher output of goods and services. If rates of unemployment are decreasing their will be a positive impact on economic growth potential

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Answer 2

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