Using Figure 1

question 65

Multiple Choice

Using Figure 1.5, if an economy is currently producing on PP2, which of the following would shift the production possibilities curve toward PP1?

• A) An increase in the quantity of labor available.
• B) A decrease in the amount of capital available.
• C) An increase in the level of unemployment above the normal level.
• D) An advancement in technology.

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Definitions:

Information Quality

The degree to which data is accurate, reliable, and relevant for decision-making.

Principle Supply Chain

Refers to the fundamental elements and processes involved in moving a product from supplier to customer, including production, transportation, and distribution.

Information Requirements

The specific data needs of a business or system to operate effectively and make informed decisions.