The Opportunity Cost of Shifting the Production Possibilities Frontier Outward

question 18

Multiple Choice

The opportunity cost of shifting the production possibilities frontier outward is

• A)capital accumulation.
• B)technological change.
• C)reduced current consumption.
• D)reduced future consumption.
• E)increased future consumption.

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Definitions:

Transformational Change

A profound or radical change that fundamentally alters the culture, values, and operations of an organization leading to significant improvements.

Entrepreneurial Activity

The actions related to starting and managing new ventures, including innovation, risk-taking, and resource management.

Innovation

The act of introducing something new, such as an idea, method, or device, which is aimed to improve processes, products, or services.

Corporate Venturing

The practice of a large company funding new, innovative projects or startups to explore new markets or technologies.