Which of the Following Would Shift the Production Possibilities Frontier

question 152

Multiple Choice

Which of the following would shift the production possibilities frontier outward?

• A)an increase in the size of the labor force
• B)more efficient use of existing resources and technology
• C)the government prints more money
• D)the end of a strike by a labor union
• E)society's desire to produce more of one of the goods

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Definitions:

Promote Diversification

A strategy aimed at reducing risk by allocating investments among various financial instruments, industries, and other categories.

Financial Cooperatives

Member-owned financial institutions that provide savings, credit and other financial services to their members.

Commercial Banks

Commercial banks are financial institutions that accept deposits, offer checking account services, and make loans to individuals and businesses.