Which of the Following Would Shift the Production Possibilities Frontier

question 116

Multiple Choice

Which of the following would shift the production possibilities frontier outward?

• A)An increase in the size of the labor force
• B)More efficient use of existing resources and technology
• C)The government prints more money
• D)The end of a strike by a labor union
• E)Society's desire to produce more of one of the goods

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Definitions:

Collateral

Assets pledged as security for the repayment of a loan, forfeitable in the event of a default.

Contractual Defenses

Legal arguments that can be used to challenge the enforceability of a contract, such as incapacity, duress, or fraud.

Surety Relationships

A legal arrangement where a third party (the surety) agrees to take responsibility for the debt or obligation of a borrower if the borrower defaults.

Modification

An alteration or change to an existing agreement or contract.