Economic Growth Can Be Depicted on a Production Possibilities Frontier

question 127

Multiple Choice

Economic growth can be depicted on a production possibilities frontier (PPF) as an

• A) inward shift of the PPF.
• B) outward shift of the PPF.
• C) inward rotation along the x axis.
• D) inward rotation along the y axis.
• E) increase in opportunity cost.

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Definitions:

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them, often within a business or organizational context.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on maximizing employee performance.

Senior Executive

A top-level manager or officer in an organization, typically responsible for making strategic decisions and overseeing the entire operation.

Chief Executive Officer

The highest-ranking executive in a company or organization, responsible for overall management and operational decisions.