All of the Following Could Immediately or Eventually Lead to an Inward

question 217

Multiple Choice

All of the following could immediately or eventually lead to an inward shift of a nation's production possibilities curve, except:

• A)an increase in the amount of discrimination.
• B)a decline in the birth rate.
• C)an increase in the average skill level of all occupational groups.
• D)depletion and reduced availability of major energy resources.

---

Definitions:

Investment

The allocation of resources, such as capital or time, with the expectation of generating an income or profit.

Absorption Costing

An accounting method that includes all manufacturing costs, both direct and indirect, in the cost of a product.

Markup

The amount added to the cost of merchandise to arrive at the selling price, usually expressed as a percentage of the cost.

Selling Price

The amount of money a buyer pays to acquire a product or service from a seller.