Which of the Following Will Not Shift a Nation's Production

question 34

Multiple Choice

Which of the following will not shift a nation's production possibilities curve?

• A)the acquisition of more education and training by its labour force
• B)the widespread application of irrigation to its agricultural land
• C)an increase in the rate of unemployment
• D)the discovery of new super-conductivity materials which makes manufacturing more efficient

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Definitions:

Expansionary Gap

A situation in an economy where the real GDP is higher than the potential GDP, often leading to inflation.

Active Approach

A strategy, especially in investing or management, where decisions are made based on hands-on involvement and regular assessment of conditions.

SRAS Curve

Short-Run Aggregate Supply Curve represents the relationship between the total supply of goods and services produced by a country and the price level in the short term, holding wages and input prices constant.

Active Approach

A strategy involving regular and direct intervention or actions to achieve a particular goal or outcome.