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Figure 4.1 Say point D represents the best possible mix or optimal level of output for this economy. The market results in a mix of
Figure 4.1 Say point D represents the best possible mix or optimal level of output for this economy. The market results in a mix of railroads and other goods represented by point B In response, the government intervenes by introducing its demand to the market and starts to pay for the construction/maintenance of railroads, resulting in a change to point C What would this shift to point C be referred to as? Multiple Choice O A government failure. The market mechanam O O 12 of 20 I11 Neal >Photo 88 Figure 4.1 Railroads are a factor of production used to supply a lot of other goods. If the economy chooses to produce at "point A" for too long. what may this do to the economy? Multiple Choice Cause an outward shift of the PPF. O Cause a shit inword of the PPF. O Srun the supply curve for railroads outward O Put the demand curve for all other goods and services culeaid 11 or 29 81 Next >
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