All of the Following Could Immediately or Eventually Lead to an Inward

question 163

Multiple Choice

All of the following could immediately or eventually lead to an inward shift of a nation's production possibilities curve, except

• A) emigration of skilled workers to other nations.
• B) a decline in the birthrate.
• C) an increase in the average skill level of all occupational groups.
• D) depletion and reduced availability of major energy resources.

---

Definitions:

Green Ink Pads

Special ink pads used primarily for stamping, often utilized in art, crafting, or in administrative tasks requiring distinct color coding.

Lerner Index

A measure of a firm's pricing power and market control, calculated as the difference between price and marginal cost, divided by price.

Elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to a change in its price.

Lerner Index

An economic measure of a firm's market power, calculated as the difference between price and marginal cost relative to price, indicating the degree of monopoly power.