Refer to the Above Diagram

question 219

Multiple Choice

Refer to the above diagram.Which one of the following would shift the production possibilities curve from PP₁ to PP₂

• A)immigration of skilled workers into the economy
• B)worsening of the AIDS epidemic
• C)an increase in consumer prices
• D)a reduction in the age of retirement.

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Definitions:

Venture Capital Fund

A pooled investment fund that focuses primarily on investing in high-growth start-up companies.

High-Risk Ventures

Business projects or investment opportunities characterized by a high probability of failure but potentially yielding high rewards.

Bonds

Long-term debt securities issued by governments or corporations to finance their operations, offering periodic interest payments to investors.

Interest

The charge for borrowed money, usually expressed as a percentage of the amount borrowed annually.