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159) 
Refer to the above production possibilities curve. At the onset of World War II Canada had large amounts of idle human and property resources. Its economic adjustment from peacetime to wartime can best be described by the movement from point:
Refer to the above production possibilities curve. At the onset of World War II Canada had large amounts of idle human and property resources. Its economic adjustment from peacetime to wartime can best be described by the movement from point:
A) c to point b.
B) b to point c.
C) a to point b.
D) c to point d.
160) 
Refer to the above production possibilities curve. At the onset of World War II the Soviet Union's economy was already at full employment. Its economic adjustment from peacetime to wartime can best be described by the movement from point:
Refer to the above production possibilities curve. At the onset of World War II the Soviet Union's economy was already at full employment. Its economic adjustment from peacetime to wartime can best be described by the movement from point:
A) c to point b.
B) b to point c.
C) a to point b.
D) c to point d.
161) Any point inside the production possibilities curve indicates:
A) the realization of allocative efficiency.
B) that resources are imperfectly shiftable among alternative uses.
C) the presence of inflationary pressures.
D) that more output could be produced with available resources.
162) Unemployment and/or productive inefficiencies:
A) cause the production possibilities curve to shift outward.
B) can exist at any point on a production possibilities curve.
C) can both be illustrated by a point outside the production possibilities curve.
D) can both be illustrated by a point inside the production possibilities curve.
163) A point inside a production possibilities curve may indicate:
A) unemployment.
B) the inefficient use of resources.
C) failure to use the best available technology.
D) all of these are correct.
164) Assume an economy is incurring unemployment and failing to realize least-cost production. The immediate effect of resolving these problems will be to:
A) move the level of actual output closer to the economy's production possibilities curve.
B) create a less equal distribution of income.
C) shift its production possibilities curve to the left.
D) shift its production possibilities curve to the right.
165) If an economy is operating inside its production possibilities curve for consumer goods and capital goods, this means that it: