If a Society Moves from a Period of Time with Significant

question 261

Multiple Choice

If a society moves from a period of time with significant unemployment to a time with full employment,its production possibilities frontier will

• A) shift leftward.
• B) shift rightward.
• C) not shift because the society moves from one point on the frontier to a point inside the frontier.
• D) not shift because the society moves from a point inside the frontier to a point on the frontier.
• E) not shift because the society moves from one point on the frontier to a point outside the frontier.

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Definitions:

Lockboxes

Special post office boxes set up to intercept and speed up accounts receivable payments.

Accounts Receivable

The sum of money that customers owe to a company for products or services that have been provided but not yet compensated for.

Speed Up Payments

Actions or policies implemented to reduce the time it takes to receive payments from customers, thereby improving cash flow.

Lockboxes

A service provided by banks to process payments more quickly by having checks sent to a special post office box instead of the company's address.