Which of the Following Will Shift the Production Possibilities Curve

question 245

Multiple Choice

Which of the following will shift the production possibilities curve to the right?

• A)an increase in the unemployment rate from 6 to 8 percent
• B)a decline in the efficiency with which the present labour force is allocated
• C)a decrease in the unemployment rate from 8 to 6 percent
• D)a technological advance which allows farmers to produce more output from given inputs

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Definitions:

Inventory

A company's stock of goods or materials, held for sale or production.

Legal Purposes

The reasons or objectives that are recognized or considered by the law.

Accounting Purposes

The reasons or objectives for recording and reporting financial information, such as compliance with legal requirements and informed decision-making.

Separate Entity

A fundamental accounting principle that treats a business as distinct from its owners, creditors, or other businesses.