A Production Possibilities Frontier Can Shift Outward If

question 198

Multiple Choice

A production possibilities frontier can shift outward if

• A)government increases the amount of money in the economy.
• B)there is a technological improvement.
• C)resources are shifted from the production of one good to the production of the other good.
• D)the economy abandons inefficient production methods in favor of efficient production methods.

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Definitions:

Brooks's Law

A principle stating that adding more manpower to a late software project only makes it later.

Software Project

A designed set of related software activities that seeks to accomplish a specific goal within a given timeline and budget.

Process Losses

The reduction in efficiency or effectiveness in the operations of a team or an organization, often due to group dynamics or procedural inefficiencies.

Organizational Goals

Are the specific objectives or targets that an organization aims to achieve, guiding its strategic planning and operational activities.