Asked by Kennedy Bulman on May 20, 2024
Verified
Referring to a production possibilities curve and the goods being compared,depict the economic event.The Soviet Union entered World War II at a full employment production level (guns vs.butter) .
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
Soviet Union
A former federation of communist states in Eastern Europe and Asia, existing from 1922 to 1991, known officially as the Union of Soviet Socialist Republics (USSR).
World War II
World War II was a global conflict that lasted from 1939 to 1945, involving most of the world's nations and resulting in significant changes in the political and social order.
- Differentiate among various employment conditions (such as full employment, depression, and recession) and how they are depicted in economic models.
- Investigate the influence of historical happenings and changes within societies on the economic performance and productive abilities of countries.
Verified Answer
LF
Lizbeth FranciscoMay 20, 2024
Final Answer :
E
Explanation :
Entering World War II at full employment would necessitate reallocating resources from civilian (butter) to military (guns) production, represented by a movement along the production possibilities curve, not a shift of the curve itself.
Learning Objectives
- Differentiate among various employment conditions (such as full employment, depression, and recession) and how they are depicted in economic models.
- Investigate the influence of historical happenings and changes within societies on the economic performance and productive abilities of countries.