Answer the next 2 questions on the basis of the following graph of production possibilities: K...

 

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Answer the next 2 questions on the basis of the following graph of production possibilities: K manufactured capital goods E A J B G H D consumer goods 14. point J represents a. full employment b. a point which would ultimately cause the inner curve to shift outward. c. an impossibility d. a waste of human resources such as would occur during a recession or depression 15. Long term growth requires that initially the economy must shifts it's production mix from a. Point E to A. b. Point C to B c. Point K to F d. Point B to C e. Point F to C Answer the next 2 questions on the basis of the following graph of production possibilities: K manufactured capital goods E A J B G H D consumer goods 14. point J represents a. full employment b. a point which would ultimately cause the inner curve to shift outward. c. an impossibility d. a waste of human resources such as would occur during a recession or depression 15. Long term growth requires that initially the economy must shifts it's production mix from a. Point E to A. b. Point C to B c. Point K to F d. Point B to C e. Point F to C

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14 b a point which would ultimately cause the inner curve to shift outward Point J represents a point of production that lies outside of the productio... View the full answer