Other Things Equal, Which of the Following Would Shift an Economy's

question 323

Multiple Choice

Other things equal, which of the following would shift an economy's production possibilities curve to the left?

• A) the discovery of a low-cost means of generating and storing solar energy
• B) the entrance of more women into the labor force
• C) a law requiring mandatory retirement from the labor force at age 55
• D) an increase in the proportion of total output that consists of capital or investment goods

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Definitions:

Single Stage Control

A control mechanism in manufacturing or production that is applied at a single point or stage in the production process.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and eventually to the end user.

Proctor and Gamble

Procter & Gamble is a multinational consumer goods corporation specializing in a wide range of personal health/consumer health, and personal care and hygiene products; these products are organized into several segments, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine, & Family Care.

Virtual Company

A business that operates online and does not have a traditional brick-and-mortar physical presence, often relying on digital networks for operations.