Question: Figure 2 - 4 Figure 2 - 4 shows various points on three different production possibilities frontiers for a nation. Refer to Figure 2 -

Figure 2-4
Figure 2-4 shows various points on three different production possibilities frontiers for a nation.
Refer to Figure 2-4. Consider the following events:
a. a reduction in the patent protection period to no more than 2 years
b. a war that destroys a substantial portion of a nation's capital stock
c. the lack of a secure and enforceable property rights system
Which of the events listed above could cause a movement from W to V?
a only
a and b only
a and c only
b and c only
a, b, and c

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