Refer to the Information Provided in Figure 2

question 147

Multiple Choice

Refer to the information provided in Figure 2.6 below to answer the question(s) that follow. Figure 2.6
-Refer to Figure 2.6. Which of the following will not cause the production possibility frontier to shift from ppf¹ to ppf²?

• A) the discovery of previously unknown oil fields
• B) an improvement in technology
• C) an increase in the stock of capital
• D) a decrease in the unemployment rate

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Definitions:

Liability

A legal responsibility or obligation.

Entitlement To Payment

The legal right or claim to receive a specific sum of money.

Dishonor

In legal and financial contexts, dishonor refers to the failure to fulfill an obligation, such as when a check is not honored by a bank due to insufficient funds.

Negotiable Note

A financial instrument containing a promise to pay a certain amount of money, either on demand or at a future date, which is transferable by endorsement.