In March a Factory Used New Technology to Produce Its

question 123

Multiple Choice

In March a factory used new technology to produce its output. Then in August a fire destroyed half the factory. The new technology shifted the factory's PPF _______ and the fire shifted it _______.

• A) outward; inward
• B) inward; outward
• C) outward; outward
• D) inward; inward

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Definitions:

Compounded Quarterly

The process where the interest earned is added to the principal sum, and the next interest calculation is based on the principal plus the previously earned interest, recalculated every quarter.

Compounded Semi-Annually

The process of earning interest on both the initial principal and the accumulated interest from previous periods, calculated twice a year.

Insurance Settlement

The payment made by an insurance company to a claimant or policyholder following a valid claim.

Retirement

The act of leaving one's job and ceasing to work, typically upon reaching a certain age or due to personal choice.