Which of the Following Events Create an Outward Shift of the Production

question 12

Multiple Choice

Which of the following events create an outward shift of the production possibilities curve?

• A)The United States moves resources from the production of goods for domestic production to the production of goods for export.
• B)Tax reductions reduce the cost and increase the volume of investment in factories, machinery, and research and development.
• C)There is an exodus of young people to another country where there is more political freedom.
• D)The unemployment rate falls from 33 percent to 12 percent.

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Definitions:

Employee Involvement Programs

Initiatives designed to engage employees in decision-making processes, aiming to improve job satisfaction and productivity.

Mass Production Process

The mass production process involves the large-scale manufacturing of standardized products using assembly line techniques and machinery, significantly increasing efficiency and output.

Precision Auto Parts

A hypothetical or specific company engaged in the production of highly accurate automotive components designed to meet strict quality standards.

Employee Empowerment

The practice of giving employees the authority, resources, and capability to manage their own work and make decisions in their areas of operation.