Ceteris Paribus Which of the Following Events Would Most Likely

question 112

Multiple Choice

Ceteris paribus which of the following events would most likely cause the production possibilities curve to shift inward?

• A) The labor supply grows.
• B) New factories are built.
• C) A technological breakthrough occurs that makes production of all goods more efficient.
• D) A major earthquake destroys several industrial centers.

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Definitions:

Psychosexual Stage

Conceptual phases in Freudian psychology where an individual's personality is developed through childhood in stages centered on different erogenous zones.

Fixation

An obsessive interest or feeling that may interfere with an individual's ability to attend to new information or life experiences.

Excessive Gratification

The overindulgence in activities or substances that provide pleasure, potentially leading to negative consequences or dependency.

Phallic

Pertains to the third stage in Freud's psychosexual development theory where the child's libido (sexual energy) is focused on the genital area.