An Increase in General Resources That Affects the Production of Both

question 52

Multiple Choice

An increase in general resources that affects the production of both goods on a production possibilities frontier (PPF) would cause an

• A) inward shift of the PPF.
• B) outward shift of the PPF.
• C) outward rotation along the x axis.
• D) outward rotation along the y axis.
• E) increase in opportunity cost.

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Definitions:

Vertical Mobility

The movement of an individual or group within a social hierarchy, which can be upward (promotion or upward social mobility) or downward (demotion or downward social mobility).

Social Mobility

The ability of individuals or groups to move within a social hierarchy, which can be upward or downward, reflecting changes in income, status, or occupation.

Losing Job

The process or experience of being terminated from employment, often leading to financial instability and emotional stress.

Homogamy

Homogamy refers to the pattern of individuals marrying others who have similar characteristics, such as background, race, age, and social status.