An Inward Shift of a Nation's Production Possibilities Frontier Can

question 201

Multiple Choice

An inward shift of a nation's production possibilities frontier can occur due to

• A)a reduction in unemployment.
• B)a natural disaster like a hurricane or bad earthquake.
• C)a change in the amounts of one good desired.
• D)an increase in the labour force.

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Definitions:

Downsizing

The act of reducing the size of a company by eliminating staff positions in an effort to decrease costs and improve operational efficiency.

Systematic Change

A planned and structured approach to change that affects the entire organization or significant parts of it, rather than being unplanned or isolated.

Competitive Advantage

Competitive advantage is the unique edge that a company has over its competitors, allowing it to generate greater sales, attract more customers, or achieve superior margins.

Environmental Scanning

The process of gathering information about an organization's external environment to identify opportunities and threats.