In the Long-Run, If the Production of All Goods Increases

question 84

Multiple Choice

In the long-run, if the production of all goods increases for a society (there is economic growth) , it will cause the production possibility curve to:

• A) shift inward.
• B) shift outward.
• C) first shift inward and then shift outward.
• D) stay the same.

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Definitions:

Social Stratification

The emergence of social classes, a series of ranked social categories according to characteristics such as wealth, occupation, or kin group.

Bugis

An ethnic group from the island of Sulawesi in Indonesia, known for their maritime culture and significant historical role in trade within Southeast Asia.

Sulawesi

An Indonesian island known for its varied geography, diverse cultures, and unique wildlife.

Ramadan

The ninth month of the Islamic calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and community.