A Production Possibilities Frontier Can Shift Outward for All of the Following

question 31

Multiple Choice

A production possibilities frontier can shift outward for all of the following reasons except:

• A)a decrease in the size of the labor force.
• B)an increase in the skills of the labor force.
• C)an improvement in technology.
• D)a larger work force.
• E)a larger capital stock.

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Definitions:

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Provisions

Liabilities of uncertain timing or amount, set aside for future expenses or liabilities.

Timing

Refers to the selection of specific times for events to occur, which can influence the efficiency and effectiveness of operations, investments, and financial reporting.

Amount

A quantity of something, typically the total figured in numbers or unit of measure.