A Shift in a Production-Possibility Frontier Can Result From

question 61

Multiple Choice

A shift in a production-possibility frontier can result from:

• A)unemployment.
• B)inflation.
• C)changes in production techniques.
• D)changes in the combination of goods produced.
• E)changes in consumers' tastes.

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Definitions:

Avoid the Risk

A risk management strategy involving actions to prevent exposure to a risk, often by choosing not to engage in an activity.

High Rate of Failure

A situation where there is a significant percentage of attempts or endeavors that do not succeed, often used in the context of startups or new projects.