All of the Following Could Immediately or Eventually Lead to an Inward

question 217

Multiple Choice

All of the following could immediately or eventually lead to an inward shift of a nation's production possibilities curve, except:

• A)an increase in the amount of discrimination.
• B)a decline in the birth rate.
• C)an increase in the average skill level of all occupational groups.
• D)depletion and reduced availability of major energy resources.

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Definitions:

Variable Cost

Costs that vary directly with the level of production or volume of output.

Fixed Manufacturing Overhead

Costs associated with manufacturing that do not vary with the level of production, such as rent, salaries of permanent staff, and depreciation of factory equipment.

Constrained Resource

A limited resource within a production or project environment that restricts the output or completion time.

Profitability

A financial metric used to assess a business's ability to generate earnings compared to its expenses and other relevant costs incurred during a specific period of time.