Which of the Following Would Shift the Production Possibilities Frontier

question 209

Multiple Choice

Which of the following would shift the production possibilities frontier outward?

• A)a reduction in inefficiency
• B)a reduction in the size of the labor force
• C)an improvement in technology
• D)a change in the combination of goods produced
• E)increasing opportunity costs

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Definitions:

Manufacturing Operations

The processes involved in the production of goods, including design, fabrication, and assembly of products.

Reportable

Pertains to information or incidents that must be officially recorded or disclosed, often in the context of legal, financial, or regulatory requirements.

Operating Segments

Components of a business that engage in operations that earn revenues, incur expenses, and are reviewed regularly by the company's management.

Reportable Segment

A component of a business that generates revenues and expenses related to the business’s operations, and whose financial results are regularly reviewed by the entity’s chief operating decision maker.