Table 1.1. U.S. Production Possibilities Curve Data
$$\begin{array} { l r r r r r r }
& \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } \
\text { Capital goods } & 5 & 4 & 3 & 2 & 1 & 0 \
\text { Consumer goods } & 0 & 12 & 22 & 30 & 36 & 40
\end{array}$$
-Refer to Table 1.1. The economy would move from producing 3 capital goods and 20 consumer goods to 3 capital goods and 22 consumer goods if there was an
A) increase in the productivity of labor
B) advance in technology
C) increase in the labor force
D) elimination of unemployment

Question

Table 1.1. U.S. Production Possibilities Curve Data
 $$\begin{array} { l r r r r r r } 
& \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } \
\text { Capital goods } & 5 & 4 & 3 & 2 & 1 & 0 \
\text { Consumer goods } & 0 & 12 & 22 & 30 & 36 & 40
\end{array}$$
-Refer to Table 1.1. The economy would move from producing 3 capital goods and 20 consumer goods to 3 capital goods and 22 consumer goods if there was an
A) increase in the productivity of labor
B) advance in technology
C) increase in the labor force
D) elimination of unemployment

Quizplus · Accepted Answer

The movement from producing 20 to 22 consumer goods without changing the production of capital goods suggests that resources were previously underutilized, indicating the elimination of unemployment.

Table 11 U -Refer to Table 1