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The Figure Given Below Represents the Production Possibilities Curve for Goods

Question 52

Multiple Choice

The figure given below represents the production possibilities curve for goods and services in an economy.Figure 2.3
The figure given below represents the production possibilities curve for goods and services in an economy.Figure 2.3 -Refer to Figure 2.3. The movement from Curve X to Curve Y indicates a(n) : A) contraction in the production of goods. B) contraction in the production of services. C) expansion in the ability to produce both goods and services. D) expansion in the ability to produce goods. E) expansion in the ability to produce services.
-Refer to Figure 2.3. The movement from Curve X to Curve Y indicates a(n) :


A) contraction in the production of goods.
B) contraction in the production of services.
C) expansion in the ability to produce both goods and services.
D) expansion in the ability to produce goods.
E) expansion in the ability to produce services.

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