Food products Figure 24 shows various points on three differ

Food products Figure 2-4 shows various points on three different production possibilities frontiers for a nation. Refer to Flgure 2-4. Consider the following events . an ncrease in the patent protection period to 75 years ci the implementátion of a secure and which of the events listed above could cause a movement from w to z? property rghte gyatem

Solution

Movement from W to Z indicates movement of economy to an outward PPF.

Movement to the PPF on the right indicate increase in production potential of economy.

Production potential of economy will increase in case of happening of following two events -

1. An increase in the patent protection period to 75 years.

2. The implementation of a secure and enforceable property rights system.

Hence, the correct answer is the option (3) [a and c only].