Which of the Following Events Create an Outward Shift of the Production

question 205

Multiple Choice

Which of the following events create an outward shift of the production possibilities curve?

• A)The United States moves resources from the production of goods for domestic production to the production of goods for export.
• B)Tax reductions reduce the cost and increase the amount of investment in factories, machinery, and research and development.
• C)There is an migration of young people to another country where there is more political freedom.
• D)The unemployment rate falls from 33 percent to 12 percent.

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Definitions:

Constitutional Amendments

Alterations or additions made to a constitution, which change the system of governance or rights protected under that constitution.

National Convention

A meeting held every four years by political parties in the U.S. to nominate presidential and vice-presidential candidates.

Congress

The legislative branch of the United States federal government, consisting of two houses: the Senate and the House of Representatives.

Articles of Confederation

The original constitution of the United States, ratified in 1781, which was replaced by the U.S. Constitution in 1789 to form a stronger federal government.