Refer to the Information Provided in Figure 2

question 39

Multiple Choice

Refer to the information provided in Figure 2.6 below to answer the questions that follow.
Figure 2.6
-Refer to Figure 2.6.Which of the following will NOT cause the production possibility frontier to shift from ppf¹ to ppf²?

• A)the discovery of previously unknown oil fields
• B)an improvement in technology
• C)an increase in the stock of capital
• D)a decrease in the unemployment rate

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Definitions:

Matched Samples

Samples in which each data value of one sample is matched with a corresponding data value of the other sample.

Population Average

The mean or average of a set of data collected from the entire population under study.

Salary Information

Data or details regarding the amounts of money individuals are paid for their work or services.

Test Statistic

A statistic calculated from sample data used to decide whether to reject the null hypothesis in a hypothesis test.