According to the graph capital goods increases from A to C it means that capital goods such as manufacturing plants , machinery etc are increases and consumer goods increases from B to D .
So according to the graph shift from AB to CD is the correct statement.
Option C is the correct statement.
Capital Goods BD Consumer Goods Refer to the graph. Growth of production capacity is shown by...
B D Consumer Goods Refer to the graph. An increase in the economy's human capital would Multiple Choice shift curve AB to CD move the economy away from point A and toward point B shift curve CD to AB. move the economy away from point B and toward point A.
Multiple Choice Questions 1. Each of the following is an example of an economic resource except A. land. B. money C. capital. D. labor. Consumer goods Refer to the above graph. Which movement between two points represents an increase in econ growth? A. J to K B. K to L C. L to M D. N to N 2. 3. Refer to the above graph Points J, N and K on the inner production possibilities frontier repre A an inefficient...
The table below contains production possibilties data for capital goods and consumer goods in the economy of New Harmony 18 16 14 20 Consumer goods 40 36 a. Draw the production possibilities curve (PPC) for New Harmony.Plot eech point in the graph below using the tool PP1 for part (o) and PP2 for part PPlot 5 points in the graph below for part (a) and anothier 5 points for part . Fill in the table below assuming that, 10 years...
An economy produces two goods: capital goods and consumer goods. Points on the production possibilities curve appear below: 2. roduction alternatives Capital ds per period Consumer goods per period 2018 14 8 A. If the economy is producing at alternative X, the opportunity cost of producing at Y instead of X is period a. 0 C. The production of 14 units of consumer goo and 1 unit of capital goods per period would a. result in full employment b. result...
Refer to the graph shown. Output Time A movement from points B to C represents a(n): Multiple Choice 10 1 o points trоugh. Skipped o o peak. o recession. О upturn.
QUESTION 4 Refer to the diagram. Other things equal, this economy will shift its production possibilities curve outward the most if: 8 Consumer Goods it chooses point B. the ratio of capital to consumer goods is minimized. c, chooses point A. 0 d. it chooses point C
Saved Refer to the graph shown. A movement from A to B is most likely to be caused by: SAS1 SASO Price level Yo Y Real output Multiple Choice o an increase in input prices. o a decrease in input prices. o an increase in aggregate demand. o a decrease in aggregate demand.
Part 1 Below is a production possibilities table for consumer goods (butter) and capital goods (guns). Production Possibilities Type of Production Production Alternative A Production Alternative B Production Alternative C Production Alternative D Production Alternative E Production Alternative F Production Alternative G Butter 0 1 2 3 4 5 6 Guns 14 13 11 9 7 4 0 Graph the data provided in the table using Excel. (Hints: Type your data into an Excel spreadsheet. With your mouse, highlight the...
Refer to the figure below and assume that the combined consumer goodscapital goods values for points a, b, and care $10 billion, $20 billion, and $12 billion, respectively. The Macroeconomy PPF PPF Consumer goods Instructions: Enter your answers as whole numbers. a. If the economy moves from point a to point b over a 70-year period, what must have been its annual rate of economic growth? Answer is complete but not entirely correct. 7Xpercent
Scarcity, Choice, and Economic Systems Attempts: Keep the Highest: /1 5. Economic growth and PPES Aa Aa a The blue (inner) curve on the following graph shows the current production possibilities frontier (PPF) for the economy of Econoland, and the red (outer) curve shows the PPF for Econoland next year if the economy were to operate at point B today. That is, investment choices today impact the growth of the economy, and thus the PPF for next year. CONSUMER GOODS...