In Figure 1

question 92

Multiple Choice

In Figure 1.3, a shift of the production possibilities curve from PP1 to PP2 could be caused by

• A)A decrease in the quantity of raw materials available.
• B)A decline in the production skills of workers.
• C)The use of improved production technology.
• D)All of the choices are correct.

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Definitions:

Collective Discrimination

Discriminatory practices or attitudes shared and enacted by a group towards others, often based on race, gender, or ethnicity.

Wage Rate

The amount of money paid per unit time to an employee for their labor.

Employment

The state of having a paid position of regular work, contributing to an individual's ability to earn income and participate in economic activities.

TANF

Temporary Assistance for Needy Families, a federal assistance program in the United States designed to help needy families achieve self-sufficiency.