The Production Possibilities Curve Can Shift Inward When

question 125

Multiple Choice

The production possibilities curve can shift inward when

• A) production increases.
• B) employment increases.
• C) the stock of productive capital rises.
• D) a country experiences a natural disaster.

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Definitions:

Under Seal

denotes a formal legal process or document that has been officially sealed, indicating confidentiality or authenticity.

Substituting a New Contract

Replacing an existing contract with a new one, which extinguishes the obligations under the original contract.

Mutual Consideration

In contract law, mutual consideration is the exchange of value or promises between parties that is a requisite for the formation of a binding contract.

Past-due Undisputed Debt

A debt that is acknowledged by the debtor but has not been paid by the agreed-upon due date.