Asked by
Nathan Pearce
on Oct 13, 2024
Verified
Referring to a production possibilities curve and the goods being compared,depict the economic event.The bubonic plague (Black Death) in the 1300s killed one-third of Europe's population (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
Bubonic Plague
A highly infectious and often fatal disease caused by the bacterium Yersinia pestis, characterized by fever, delirium, and the formation of buboes, historically responsible for major pandemics.
Production Possibilities Curve
A graph that depicts all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.
- Evaluate the effects that historical developments and societal shifts have on national economic environments and production capabilities.
Verified Answer
RS
Learning Objectives
- Evaluate the effects that historical developments and societal shifts have on national economic environments and production capabilities.