In Which Direction Will Improvements in and Greater Stocks of Land,labour,capital,and

question 107

Multiple Choice

In which direction will improvements in and greater stocks of land,labour,capital,and entrepreneurial activity shift the production possibilities curve?

• A)Inward, such that the marketplace experiences a decrease in price and output levels.
• B)Inward, because more resources will be used up and not renewed.
• C)Outward, such that the cost of living rises.
• D)Outward, such that more goods and services can be produced.

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Definitions:

Ethical Person

An individual whose actions and decisions are guided by morally right principles.

Deontology Approach

A moral philosophy that stresses the importance of duty and the morality of actions, irrespective of the outcomes.

Outcomes Of Actions

The results or consequences that follow from specific actions or decisions made by individuals or organizations.

Pleasing Others

The act of making an effort to satisfy or meet the expectations of other people, often prioritizing their happiness or approval.