Examlex
Which of the following would be MOST likely to cause the production possibilities frontier to shift to the left?
Transaction Cost
Expenses incurred when buying or selling goods and services, beyond the price of the goods themselves. These can include search and information costs, bargaining costs, and enforcement costs.
Operating Systems
Software that manages computer hardware and software resources, providing common services for computer programs.
Used-book Market
A marketplace for the buying and selling of previously owned books, offering an alternative for consumers seeking lower prices or out-of-print titles.
Profits
The financial gains obtained when revenue from business activities exceeds expenses and costs.
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