Which of the Following Will Most Likely Cause an Outward

question 132

Multiple Choice

Which of the following will most likely cause an outward shift in the production possibilities curve?

• A) a reduction in the man-made productive resources available to the economy as the result of a decline in investment
• B) an increase in government payments to farmers for taking land out of production
• C) an increase from 40 to 50 hours in the average number of hours worked per week
• D) None of the above would cause an outward shift in the production possibilities curve.

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Definitions:

Mediation

A method of outside resolution of labor and management differences in which the third party’s role is to suggest or propose a solution to the problem.

Conciliation

A method of outside resolution of labor and management differences in which a third party is brought in to keep the two sides talking.

Suggest

To propose or put forward for consideration an idea, plan, or action.