Question : Figure 2-4 Figure 2-4 shows various points three different production : 1387302

 

Figure 2-4

 

Figure 2-4 shows various points on three different production possibilities frontiers for a nation.

 

 

60) Refer to Figure 2-4. Consider the following movements:

a.from point V to point W

b.from point W to point Y

c.from point Y to point Z

 

Which of the movements listed above represents advancements in technology with respect to both plastic production and food production?

A) a, b, and c

B) b and c only

C) b only

D) c only

 

61) Refer to Figure 2-4. Consider the following events:

a.a decrease in the unemployment rate

b.general technological advancement

c.an increase in consumer wealth

 

Which of the events listed above could cause a movement from V to X?

A) a only

B) a and b only

C) b and c only

D) a, b, and c

 

 

62) Refer to Figure 2-4. Consider the following events:

a.a reduction in the patent protection period to no more than 2 years

b.a war that destroys a substantial portion of a nation’s capital stock

c.the lack of secure and enforceable property rights system

 

Which of the events listed above could cause a movement from W to V?

A) a only

B) a and b only

C) a and c only

D) b and c only

E) a, b, and c

 

 

63) Refer to Figure 2-4. A movement from ________ could occur because of additional government restrictions toward allowing immigrant labor.

A) X to W

B) Y to X

C) V to W

D) W to X

 

64) Refer to Figure 2-4. A movement from ________ is the result of additional government restrictions on the pollution that results from plastic production.

A) X to V

B) X to W

C) Z to W

D) Z to Y

 

 

65) Refer to Figure 2-4. Consider the following events:

a.a decrease in the unemployment rate

b.an increase in technology with respect to both food and plastic production

c.a war that kills a significant portion of a nation’s population

 

Which of the events listed above could cause a movement from W to Y ?

A) a, b and c

B) a and b only

C) a and c only

D) b only

E) c only

 

 

66) Refer to Figure 2-4. Consider the following movements:

a.from point V to point W

b.from point W to point Y

c.from point Y to point Z

 

Which of the movements listed above represents advancements in technology with respect to only plastic production?

A) a, b, and c

B) b and c only

C) b only

D) c only

 

67) Refer to Figure 2-4. Consider the following events:

a.an increase in the unemployment rate

b.general technological advancement

c.an increase in consumer wealth

 

Which of the events listed above could cause a movement from Z to V ?

A) a only

B) a and b only

C) b and c only

D) a, b, and c

 

 

68) Refer to Figure 2-4. Consider the following events:

a.an increase in the patent protection period to 75 years

b.a hurricane that destroys a substantial portion of a nation’s capital stock

c.the implementation of a secure and enforceable property rights system

 

Which of the events listed above could cause a movement from W to Z?

A) a only

B) a and b only

C) a and c only

D) b and c only

E) a, b, and c

 

 

69) The Great Depression of the 1930s with a large number of workers and factories unemployed would be represented in a production possibilities frontier graph by

A) a point inside the frontier.

B) a point outside the frontier.

C) a point on the frontier.

D) an intercept on either the vertical or the horizontal axis.

 

 

 

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