Which of the Following Factors Will Cause the Production Possibilities

question 28

Multiple Choice

Which of the following factors will cause the production possibilities curve to shift away from the origin?

• A) Enforcement of compulsory retirement at age 60,for all workers.
• B) The termination of all work on Albertan oil sands projects.
• C) A doubling of all university fees.
• D) New,improved technology.
• E) Increased interest rates,which cause a decrease in expenditure on capital investment.

---

Definitions:

Voluntary Risks

Risks that individuals knowingly and willingly choose to take, often after considering the potential benefits and dangers.

Cost-Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieving benefits while preserving savings.

Human Life

The existence, characteristics, and experience of being a person; often considered with respect to the moral, social, and philosophical aspects.

Cost-Benefit Analysis

An economic evaluation method that compares the costs and benefits of a project or decision to determine its feasibility or compare alternatives.