Which One of the Following Would Likely Shift a Production

question 24

Multiple Choice

Which one of the following would likely shift a production possibilities frontier inward?

• A)technological change.
• B)a drought.
• C)a decrease in the price of natural resources.
• D)all of the above
• E)None of the above, because production possibilities frontiers do not shift inward.

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Definitions:

Memory Improvement

Techniques or strategies aimed at enhancing an individual's ability to remember information.

Random Assignment

A method used in experiments where participants are allocated to different groups in a way that each has an equal chance of being assigned to any group, ensuring variability is spread out evenly.

Experimental Groups

Groups in an experimental study that receive the treatment or intervention being tested, as opposed to control groups.

Control Groups

Control groups are used in experiments as a baseline to compare against the treatment group to determine the effect of a variable being tested.