A Production Possibilities Frontier Can Shift Inward If There Is

question 66

Multiple Choice

A production possibilities frontier can shift inward if there is

• A)an increase in the unemployment rate
• B)mandatory retirement at age 55
• C)an improvement in technology
• D)a larger work force
• E)a larger capital stock

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Definitions:

Organizational

Pertaining to the structure and function of an organization or the study of how organizations operate and are managed.

Technology Advances

Progressive developments and improvements in technology, which enhance efficiency, capabilities, and performance.

Typical Caseload

The average number of cases or matters that a legal professional, such as an attorney or a judge, handles over a certain period, reflecting their workload.

Litigation

The process of working a lawsuit through the court system.