The Figure Given Below Represents the Production Possibilities Curve for Goods

question 78

Multiple Choice

The figure given below represents the production possibilities curve for goods and services in an economy.Figure 2.3

-Which of the following actions is most likely to cause a rightward shift in a production possibilities curve [PPC]?

• A)Shifting from the production of one product to the production of another product
• B)Shifting all resources to the production of one product
• C)Employing idle resources
• D)Using fewer resources in production
• E)Increasing the technological know-how used in production

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Definitions:

Debt Repayment

The act of paying back borrowed money, typically including principal and interest components.

Plan Acceptability

The degree to which stakeholders find a proposed plan or project to be satisfactory or agreeable.

Composition

The arrangement or makeup of something, often referred to in the context of artistic elements or financial mixtures.

Subordination

A ranking of priorities in claims for ownership or interest; often used in debt agreements to determine the sequence of payments.