Asked by
Karma Tharchin
on Oct 13, 2024
Verified
Referring to a production possibilities curve and the goods being compared,depict the economic event.Computerization in the 1990s launched thousands of new businesses in the United States (capital goods vs.consumer goods) .
A) A movement from a point inside the curve to a point on or near the curve
B) A movement from a point on or near the curve to a point inside the curve
C) A shift in the entire curve to the right (outward)
D) A shift in the entire curve to the left (inward)
E) A movement along the curve
Computerization
The process of applying computers and technology to automate tasks, improve efficiency, and store and process information.
Production Possibilities Curve
A graphical representation showing the maximum combination of goods and services that can be produced with limited resources.
- Discern the effect that technological advancements and immigration have on enlarging a country's production possibilities frontier.
- Investigate the bearing of past events and societal advancements on the prosperity and production powers of national economies.
Verified Answer
KR
Learning Objectives
- Discern the effect that technological advancements and immigration have on enlarging a country's production possibilities frontier.
- Investigate the bearing of past events and societal advancements on the prosperity and production powers of national economies.