Which of the Following Would Be Least Likely to Cause

question 100

Multiple Choice

Which of the following would be least likely to cause the production possibilities curve to shift outward?

• A) a decreased desire for leisure by workers in the economy.
• B) an invention that requires fewer resources to produce a good.
• C) a shift in consumer preferences that causes expansion in the output of one product and a decline in output of other products.
• D) an expansion in the man-made productive resources available to the economy as the result of a high rate of investment.

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Definitions:

Normally Distributed

A type of continuous probability distribution for a real-valued random variable where the data are symmetrically distributed around the mean, forming a bell-shaped curve.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, showing how much the values in the data set deviate from the mean on average.

Continuous Random Variables

Continuous random variables are those that can take on an infinite number of values within a given interval, where the measurements can include fractions and decimals.

Interval

A range of values between two points, often used in statistics to describe the confidence interval around an estimate.