Using Figure 1

question 85

Multiple Choice

Using Figure 1.5, if an economy is currently producing on PP2, which of the following would shift the production possibilities curve toward PP1?

• A)An increase in the quantity of labor available.
• B)A decrease in the amount of capital available.
• C)An increase in the level of unemployment above the normal level.
• D)An advancement in technology.

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Definitions:

Compensation System

A structured plan designed to provide employees with various forms of reward in return for their labor, including salary, wages, bonuses, and benefits.

Loss of Productivity

A decrease in the efficiency of production or the level of output of goods and services, often due to factors such as poor management, inadequate resources, or disruptions.

Reapply

The act of applying again or anew, often with the intention of achieving a different or improved outcome.

Deculturation

The process through which individuals lose their native cultural identity, typically as a result of prolonged contact with another culture.