If a Nation's Production Possibilities Curve Shifts Outward, We Should

question 106

Multiple Choice

If a nation's production possibilities curve shifts outward, we should expect its long-run aggregate supply curve to

• A) have an upward movement along the curve.
• B) have a downward movement along the curve.
• C) have a rightward shift.
• D) have a leftward shift.

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Definitions:

Beneficence

A principle in ethics and morality that refers to the act of doing good or performing actions for the benefit of others.

Difference Principle

A concept from John Rawls' theory asserting that inequalities in social and economic distribution are acceptable only if they benefit the least advantaged members of society.

Double Effect

A principle in ethics that allows actions which have both a positive and a negative effect, especially in medical ethics where the aim is to relieve suffering even if it may hasten death.

Cosmetic Surgery

Medical procedures performed to enhance or change one's appearance for cosmetic rather than medical reasons.