Which of the Following Events Create an Outward Shift of the Production

question 12

Multiple Choice

Which of the following events create an outward shift of the production possibilities curve?

• A)The United States moves resources from the production of goods for domestic production to the production of goods for export.
• B)Tax reductions reduce the cost and increase the volume of investment in factories, machinery, and research and development.
• C)There is an exodus of young people to another country where there is more political freedom.
• D)The unemployment rate falls from 33 percent to 12 percent.

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Definitions:

Sharecropping

An agricultural system where tenants agree to work a landowner's land in return for a share of the crops produced on their portion of land.

Southern Economy

Historically, the economy of the southern United States, which was heavily reliant on agriculture, particularly the cultivation of cotton and other cash crops, and was significantly impacted by slavery until the Civil War.

Planter Families

Wealthy families in the American South before the Civil War, who owned large plantations and numerous slaves to work on these estates.

Physical Labor

refers to work that involves manual, bodily effort; tasks that demand physical strength, as opposed to mental or clerical work.