A Nation That Devotes More of Its Resources to the Production

question 354

Multiple Choice

A nation that devotes more of its resources to the production of capital goods rather than consumer goods is likely to

• A) cause its production possibilities curve to shift outward.
• B) cause its production possibilities curve to shift inward.
• C) increase the slope of its production possibilities curve.
• D) decrease the slope of its production possibilities curve.

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Definitions:

Supply Chain

The sequence of processes involved in the production and distribution of a commodity.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Marketing Channel

Pathways and intermediaries involved in the process of moving a product or service from the producer to the consumer.

Consumer Interests

The preferences, needs, and desires of individuals as purchasers of goods and services.