Which One of the Following Would Likely Shift a Production

question 24

Multiple Choice

Which one of the following would likely shift a production possibilities frontier inward?

• A)technological change.
• B)a drought.
• C)a decrease in the price of natural resources.
• D)all of the above
• E)None of the above, because production possibilities frontiers do not shift inward.

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Definitions:

Traditionalists

People or principles favoring traditional values and practices, especially in cultural or religious affairs.

Short-Lived

Refers to something that lasts for only a brief period.

Intense

Characterized by a high degree of emotion, energy, or activity; often used to describe situations or feelings that are powerful and extreme.

Particular Event

A specific occurrence or happening, distinct from other events.