Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth.
B. a change in society's preferences for motorcycles versus hybrid cars.
C. a reduction in unemployment.
D. an improvement in technology.
Answer: B
Economics
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An increase in total output or real GDP is
A. Economic growth. B. The Millennium Poverty Goal. C. Productivity growth. D. The inequality trap.
Economics
Which of the following is not important for the development of human capital?
A. High levels of military spending. B. Immunizations and basic health care. C. Access to water and sanitation. D. Educational opportunities.
Economics