Use the Following Graph to Answer the Following Questions

question 113

Multiple Choice

Use the following graph to answer the following questions.

-If net investment is negative but technology has advanced,then

• A) the production function will shift upward and capital is unchanged.
• B) the production function will shift downward and capital is unchanged.
• C) there is an upward movement along the production function.
• D) there is a downward movement along the production function.
• E) there is an upward shift of the production function and a downward movement along the production function.

---

Definitions:

Internal Supply

The availability of existing employees who can be promoted, transferred, or otherwise moved to fill open positions within an organization.

Markov Analysis

A statistical technique that uses probabilities to predict future states in a system based on its current state, often used for decision making and forecasting.

Human Resources Supply

The availability of potential employees, both within and outside the organization, who possess the skills and qualifications to meet its labor needs.

Demand

The desire and ability of purchasers to buy goods and services at different prices.