With reference to the diagram below, a movement along this production possibility curve from X to Y means that Capital Goods 0 X Consumer

When the natural economic growth process begins in a capitalist economy A. the prices of capital goods fall relative to prices of consumer goods  B. the demand for saving increases ( i.e. - the demand curve for saving shifts to the right on the market diagram) C. the consumption/savings ratio rises D. the quantity of consumer goods produced temporarily decreases

The fundamental problem in economics is that resources are limited; yet needs, wants, and desires are unlimited. This is summed up by the concept of  a. money. b. power. c. greed. d. scarcity. e. investment.

The biggest problem of production to be solved is:     Deciding how much of a business’s production budget should be invested in lobbying congress for policies favorable to the business.     Deciding how best to allocate a business’s limited manpower and resources so as to produce what consumers most want.     To create as many jobs as possible.     To produce as many goods as possible.