An Increase in the Amount Spent on New Factories and Equipment

question 47

Multiple Choice

An increase in the amount spent on new factories and equipment would cause the production possibilities curve to

• A) become steeper.
• B) shift away from the origin.
• C) become flatter.
• D) shift towards the origin.
• E) change in an unpredictable way.

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Definitions:

Spatial Orientation

The ability to recognize and navigate the position and direction of oneself and objects in space.

Verbal Memory

The ability to remember and recall words and other verbal items; a component of cognitive functioning related to the processing and use of language.

Inductive Reasoning

A logical process in which multiple premises, all believed true, are combined to obtain a specific conclusion.

Longitudinal Research

A research design that follows the same individuals over time.