Which of the Following Would Allow the Production Possibilities Curve

question 241

Multiple Choice

Which of the following would allow the production possibilities curve for an economy to shift outward?

• A) a better social organization of economic activity, such as conversion from socialism to capitalism
• B) an increase in the labor force or resource base
• C) more investment leading to better technology and more innovation
• D) all of the above

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Definitions:

Economic Determination

The concept that economic factors are the primary influence on social structures and human behavior, shaping societal norms, values, and roles.

Determinist

A philosophical position that suggests every event, action, and decision results from something independent of the human will.

Positivist Perspective

A philosophical approach that emphasizes empirical and scientific evidence to understand and explain social phenomena.

Absolutist

Adopting a perspective or stance that does not allow for flexibility, compromise, or variation; seeing things in an absolute, unchangeable way.