Which of the Following Would Be Likely to Expand a Production

question 34

Multiple Choice

Which of the following would be likely to expand a production possibilities curve?

• A)​a decrease in unemployment
• B)​a decrease in price levels
• C)​an increase in price levels
• D)​none of the above

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Definitions:

Two-Thirds Majority Vote

A voting requirement where at least two-thirds of the members present must agree for a proposal to pass, often used for significant decisions.

Transfer Payments

Payments made by the government to individuals for which no goods or services are provided in return, such as welfare benefits.

Budget Deficit

The situation where a government's expenditures surpass its revenue over a specific period, leading to borrowing or debt accumulation.

Government Purchases

Expenditures by government entities on goods and services that directly absorb resources and are part of the nation's gross domestic product (GDP).