Ceteris Paribus,which of the Following Will Most Likely Cause an Inward

question 123

Multiple Choice

Ceteris paribus,which of the following will most likely cause an inward shift of the production possibilities curve?

• A) A decrease in the size of the labor force.
• B) An increase in population.
• C) An increase in knowledge.
• D) An improvement in technology.

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Definitions:

Net Income

The total earnings of an individual or corporation, after all taxes and deductions have been subtracted from total revenue.

Schedule E

A tax document utilized to declare earnings and deficits from real estate rentals, royalty payments, partnerships, S corporations, estates, and trusts.

Schedule D

A form used with IRS tax returns to report capital gains and losses from transactions of capital assets.

Schedule K-1

A tax document issued for an investment in partnership entities, used to report the income, losses, and dividends of partners.