Which of the Following Causes an Outward Shift in the Production

question 190

Multiple Choice

Which of the following causes an outward shift in the Production Possibilities Curve?

• A) A decrease in unemployment.
• B) A loss in the productive capacity of agricultural acreage caused by a prolonged drought.
• C) An increase in the productivity of all factors of production.
• D) Shifting resources away from the production of one good toward another.

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Definitions:

Social Organizations

Groups structured by a set of social norms, institutions, or structures aimed at meeting the needs of individuals in a society.

Product-Market Plans

Strategies that outline how a company's products or services will meet the needs of its target market.

Human Resource Management

A strategic approach to managing people in an organization in a way that supports the business's mission and overall success.

Economic Forces

Economic factors facing Canadian business today, including global trade forces and the force to increase one’s own competitiveness and productivity levels.