A Production Possibilities Frontier Can Shift Outward for All of the Following

question 188

Multiple Choice

A production possibilities frontier can shift outward for all of the following reasons except _____

• A) a decrease in the size of the labor force.
• B) an increase in population.
• C) an improvement in technology.
• D) a larger work force.
• E) a larger capital stock.

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Definitions:

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument is due to be paid.

Issue Date

The date on which a financial instrument or document, such as a bond or a check, is issued and becomes effective.

National Credit Cards

Credit cards that are accepted within a specific country, which might not be valid for international transactions.

Credit Card Companies

Businesses that issue credit cards and facilitate credit transactions between consumers and merchants.