A Move from Inside the Production Possibilities Boundary to the Boundary

question 103

Multiple Choice

A move from inside the production possibilities boundary to the boundary itself could be caused by

• A)the employment of previously idle resources.
• B)a reallocation of resources from military to civilian goods.
• C)technological progress.
• D)an increase in the labour supply.
• E)an improvement in the government's ability to control its spending.

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Definitions:

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Financial Information

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Responsible Corporate Officer Doctrine

The Responsible Corporate Officer Doctrine is a principle that holds corporate executives and officers liable for the illegal actions of the corporation, even without direct involvement, if they had power to prevent the misconduct.

Strict Liability

A legal principle that holds an individual or entity responsible for damages or losses, regardless of fault or intention, often applied in product liability cases.