The Effect of an Increase in Productive Inputs Such as Labour

question 163

Multiple Choice

The effect of an increase in productive inputs such as labour and capital can be shown by a(n) :

• A) point inside of the production possibility frontier.
• B) outward shift of the production possibility frontier.
• C) movement from one point to another along the production possibility frontier.
• D) inward shift of the production possibility frontier.

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Definitions:

Competitive Market

A market structure characterized by a large number of firms or sellers offering products or services that are similar but differentiated in some way.

Ever-Changing Market

Describes a market that is constantly evolving due to factors like technological innovation, consumer preferences, and economic conditions.

Nonvisual Dimension

It involves aspects or features of a product, environment, or service that can be perceived without the use of sight, often pertaining to accessibility and usability.

Sensory Learning Styles

Refers to the preferred learning modes—visual, auditory, and kinesthetic—that individuals use to receive and process information.