A Production Possibilities Frontier Can Shift Outward for All of the Following

question 31

Multiple Choice

A production possibilities frontier can shift outward for all of the following reasons except:

• A)a decrease in the size of the labor force.
• B)an increase in the skills of the labor force.
• C)an improvement in technology.
• D)a larger work force.
• E)a larger capital stock.

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Definitions:

Excise Taxes

Taxes imposed on specific goods, services, or activities, often aimed at discouraging their use or raising revenue.

National Defense

Governmental and military actions and strategies aimed at protecting a country from external threats and maintaining national security.

Postal Service

A government or private company service responsible for collecting, transporting, and delivering mail and packages to recipients.

Federal Employment

Jobs or positions provided by the federal government, involving work within government departments, agencies, or affiliated organizations.