Which of the Following Will Shift the Production Possibilities Curve

question 245

Multiple Choice

Which of the following will shift the production possibilities curve to the right?

• A)an increase in the unemployment rate from 6 to 8 percent
• B)a decline in the efficiency with which the present labour force is allocated
• C)a decrease in the unemployment rate from 8 to 6 percent
• D)a technological advance which allows farmers to produce more output from given inputs

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Definitions:

Brand Strength

An assessment of the key attributes of a brand and its power in the market, including awareness, loyalty, and perception.

Marketing Mix Investments

Allocation of resources across the marketing mix elements—product, price, place, and promotion—to achieve marketing objectives.

Brand Heritage

Describes the legacy and history of a brand, contributing to its identity and consumer perception.

Brand Equity

The value premium that a company realizes from a product with a recognizable name as compared to its generic equivalent.