In Order for a Production Possibilities Curve to Shift to the Right

question 41

Multiple Choice

In order for a production possibilities curve to shift to the right, which of the following must occur?

• A) government involvement
• B) increasing consumer wants
• C) economic growth
• D) reductions in the supply of resources

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Definitions:

Sum-Of-The-Years-Digits

A depreciation method that results in a more accelerated write-off of assets than the straight-line method, involving adding the digits of the years of an asset's useful life.

Heavy Equipment

Large machinery used in construction, mining, and manufacturing, essential for executing large-scale tasks.

Sum-Of-The-Years-Digits

A method of accelerated depreciation where the asset’s cost is multiplied by a sequence of fractions representing the sum of the years’ digits.

Resale Value

Resale value is the expected amount that an asset or item will sell for in the future after accounting for depreciation.