An Outward Shift of an Economy's Production Possibilities Curve Is

question 73

Multiple Choice

An outward shift of an economy's production possibilities curve is caused by:

• A) an increase in capital.
• B) an increase in labor.
• C) an advance in technology.
• D) all of these.

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Definitions:

ACT Type Score

A numerical measurement that represents a student's achievement on the ACT test, which is commonly used for college admissions in the United States.

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most occurrences take place around the average, and fewer instances occur as you move away from the center.

Standard Deviation

A measure of the dispersion or variability within a set of data points, indicating how much individual data points differ from the mean of the data set.

Raw Scores

The original, unadjusted scores obtained directly from a test or assessment.