In March a Factory Used New Technology to Produce Its

question 207

Multiple Choice

In March a factory used new technology to produce its output. Then in August a fire destroys half the factory. The new technology shifted the factoryʹs PPF and the fire shifted it .

• A) inward; inward
• B) outward; outward
• C) inward; outward
• D) outward; inward

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Definitions:

Corporate Property

Assets owned by a corporation, including real estate, intellectual property, and physical goods.

Shareholders

Individuals or entities that own shares in a corporation, reflecting a proportion of ownership in the company.

Corporate

Pertaining to a corporation, which is a legal entity recognized by law as separate from its owners and having its own rights, privileges, and liabilities.

Corporate Veil

A legal concept that separates the identity of a corporation from its shareholders, protecting them from being personally liable for the company's debts or legal obligations.