Suppose the Economy Goes from a Point on Its Production

question 19

Multiple Choice

Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point below that PPF.Assuming that the PPF has not shifted,this could be due to

• A) a gain of resources.
• B) a loss of resources.
• C) technological improvement in the production of both goods.
• D) a new law that interferes with productive efficiency.

---

Definitions:

Corporate

Relating to a large company or group, often characterized by a complex structure and management processes.

Institutional Advertising

Advertising aimed at creating a positive image of an organization or company as a whole, rather than promoting individual products or services.

Goodwill

The intangible asset represented by a business's value that exceeds its tangible assets, often arising from brand reputation, customer relations, or patents.

Concepts

Fundamental ideas or general notions that form the foundation of thinking, understanding, or creating in various domains.