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:

Children

Young human beings below the age of puberty or below the legal age of majority.

Sociocultural Approach

A study perspective focusing on how societal and cultural factors influence individual behaviors and mental processes.

Susceptibility

The likelihood or predisposition to be affected by a certain condition or disease.

Natural Disaster

A major adverse event resulting from natural processes of the Earth, such as earthquakes, hurricanes, or floods.