An Outward Shift of the Production Possibilities Curve Represents

question 38

Multiple Choice

An outward shift of the production possibilities curve represents

• A) economic contraction.
• B) economic growth.
• C) economic recession.
• D) economic inflation.

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Definitions:

Cultural Capital

Social assets that are not financial but enhance social movement, including aspects like intellect, education, manner of speaking, the way one dresses, and physical looks, beyond just economic resources.

Hidden Curriculum

Implicit learning in school environments that encompasses unofficial lessons, values, and viewpoints, despite not being formally taught.

Class Consciousness

An individual's or group's awareness of belonging to a particular social class, including understanding its interests and social position.

Self-Fulfilling Prophecy

A belief or expectation that an individual or group holds about a future event that manifests because the individual or group acts in a way that supports or leads to the realization of the belief.