Which of the Following Will Not Shift a Nation's Production

question 34

Multiple Choice

Which of the following will not shift a nation's production possibilities curve?

• A)the acquisition of more education and training by its labour force
• B)the widespread application of irrigation to its agricultural land
• C)an increase in the rate of unemployment
• D)the discovery of new super-conductivity materials which makes manufacturing more efficient

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Definitions:

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a good or service, and where entry of new competitors is obstructed.

Compensating Wage Differential

Additional wages paid to workers to compensate them for undesirable job characteristics, such as poor working conditions or long hours.

Unfavorable Conditions

Circumstances that are not conducive to success or are disadvantageous to achieving goals.

Wage

The fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee.