In Order for a Production Possibilities Curve to Shift to the Right

question 41

Multiple Choice

In order for a production possibilities curve to shift to the right, which of the following must occur?

• A) government involvement
• B) increasing consumer wants
• C) economic growth
• D) reductions in the supply of resources

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Definitions:

National Securities

Financial instruments issued by a government to finance its activities, often including bonds and treasury notes.

Publicly Held

A business with securities traded on public markets, allowing for public investment.

Privately Held

A description of a company whose ownership is private, meaning its shares are not traded on public stock exchanges.

Legal Costs

Legal Costs are expenses related to legal services such as attorney fees, court fees, and other expenditures incurred in the process of legal advice, litigation, or legal settlement.