All Other Things Unchanged, Which of the Following Events Leads

question 129

Multiple Choice

All other things unchanged, which of the following events leads to a shift further outward in the country's production possibility curve?

• A) Its labor force participation rate decreases by 5% per year compared to 3% per year.
• B) Its saving rate falls from 8% to 1% per year.
• C) Government expenditures on basic research increases by 10% per year.
• D) The number of students completing college education falls.

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Definitions:

Primary Purpose

The main reason for which something exists or is done, designed, or used.

Sales Process

A series of steps taken by a salesperson from initiating contact with a potential customer to closing the sale and providing after-sales service.

First Step

The initial action or move in a process or series of actions, often considered crucial for the progress or success that follows.

Customer Relationship

The ongoing interactions and engagement between a business and its customers, aiming to improve loyalty and satisfaction.