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:

Cafeteria

A type of food service location in which there is little or no waiting staff table service, with food provided on a self-service basis.

Observer Bias

A form of bias occurring when researchers' expectations influence their interpretation of participants' behaviors or outcomes of a study.

Sample Bias

occurs when a sample is collected in such a way that some members of the intended population are less likely to be included than others, leading to skewed results or conclusions.

Phi Phenomenon

An optical illusion in which stationary objects shown in rapid succession, such as flashing lights, appear to be moving.