Which of the Following Would Allow the Production Possibilities Curve

question 241

Multiple Choice

Which of the following would allow the production possibilities curve for an economy to shift outward?

• A) a better social organization of economic activity, such as conversion from socialism to capitalism
• B) an increase in the labor force or resource base
• C) more investment leading to better technology and more innovation
• D) all of the above

---

Definitions:

Economic Factors

Various external influences on an organization's performance, including inflation, employment rates, and GDP growth.

External Factors

External influences that can impact a business or system, including economic, social, political, and environmental conditions.

Marketing Environment

The external factors that affect a company's ability to engage and transact with its targeted customers, including social, economic, technological, competitive, and regulatory forces.

World Trade Organization

An international organization that regulates trade rules between nations to ensure trade flows smoothly, predictably, and as freely as possible.