Which of the Following Will Be Most Likely to Cause

question 13

Multiple Choice

Which of the following will be most likely to cause the production possibilities curve for a country to shift inward?

• A) an increase in the labor force
• B) an increase in unemployment
• C) development of an improved technological method of production
• D) a decrease in the stock of physical capital

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Definitions:

Value Chain

The series of steps a company takes to add value to its product or service, from raw materials to the final customer.

Supply Chain

A network of organizations, people, activities, information, and resources involved in the production and delivery of a product or service from supplier to customer.

Core Element

An essential part or component that is central to the function or structure of something.

Product Development Strategy

A business strategy focusing on developing new products or improving existing ones to meet market demand or create new markets.