Which of the Following Would Tend to Shift the Production

question 5

Multiple Choice

Which of the following would tend to shift the production function upward?

• A)an increase in the number of hours worked 
• B)an increase in population 
• C)an increase in the size of the labor force 
• D)an increase in the level of technology

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Definitions:

Creative Potential

The inherent capacity or possibility within a person to think creatively or come up with new and innovative ideas.

Sunk-cost Fallacy

The misconception of valuing ongoing investments based on previously spent resources rather than future benefits, often leading to irrational decision-making.

Development

The process of growth, progress, or evolution, often involving improvement in abilities, knowledge, or understanding.

Support for Creativity

Assistance or encouragement provided to foster innovation and original thinking.