All Other Things Unchanged, Which of the Following Events Leads

question 129

Multiple Choice

All other things unchanged, which of the following events leads to a shift further outward in the country's production possibility curve?

• A) Its labor force participation rate decreases by 5% per year compared to 3% per year.
• B) Its saving rate falls from 8% to 1% per year.
• C) Government expenditures on basic research increases by 10% per year.
• D) The number of students completing college education falls.

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Definitions:

Social Institutions

Fundamental structures and mechanisms of social order and cooperation governing the behavior of a set of individuals within a given human community.

Macrosociology

A branch of sociology focused on the study of social systems and populations on a large scale, encompassing the analysis of societal structures, institutions, and processes.

Large-Scale

Pertaining to events, processes, or phenomena that involve extensive scope or size, often impacting broad areas or large numbers of people.

Social Structures

The complex framework of societal institutions (such as the economy, politics, and social norms) and the relationships between these entities that shape a society's organization.