Figure 3-3, a shift from A to B seems most consistent with which of the following scenarios? A. Society has decided to give guns lower priority. B. Technological advances have been greater for guns than for butter. C. The society has experienced a massive immigration of labor. D. There are unemployed resources in the production of both guns and butter.
Figure 3-3, a shift from A to B seems most consistent with which of the following scenarios? A. Society has decided to give guns lower priority. B. Technological advances have been greater for guns than for butter. C. The society has experienced a massive immigration of labor. D. There are unemployed resources in the production of both guns and butter.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In Figure 3-3, a shift from A to B seems most consistent with which of the following scenarios?
A. Society has decided to give guns lower priority.
B. Technological advances have been greater for guns than for butter.
C. The society has experienced a massive immigration of labor.
D. There areunemployed resources in the production of both guns and butter.
B. Technological advances have been greater for guns than for butter.
C. The society has experienced a massive immigration of labor.
D. There are
Transcribed Image Text:B
A
Butter
Guns
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The above graph shows PPC which depicts production of Guns and butter in an economy.
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