-If the Economy Was Producing at Point D and Moved

question 244

Multiple Choice

-If the economy was producing at point D and moved to point C

• A)the unemployment rate would increase.
• B)the unemployment rate would decrease.
• C)the production possibilities frontier would shift outward.
• D)the production possibilities frontier would shift inwarD.
• E)None of these choices are true.

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Definitions:

Adoption

The act of starting to use something new or integrating a new system, product, or idea into one's regular usage.

Supply Base

The collective group of suppliers and vendors from which a company procures goods and services.

Insource

The practice of performing a business function or task within a company, instead of contracting it out to a third party.

Cross-Functional

Pertaining to a process, project, or team that involves and utilizes the expertise of members from different departments or areas of discipline.