Increases in Resources or Improvements in Technology Will Cause the Production

question 103

Multiple Choice

Increases in resources or improvements in technology will cause the production possibilities frontier to

• A)shift outward
• B)shift inward
• C)become a straight line
• D)become horizontal
• E)become vertical

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Definitions:

Breach

A breach is the violation or breaking of a law, duty, or obligation, either by engaging in an action that is prohibited or failing to perform a required act.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when managing financial assets or decisions for them.

Quorum

The minimum number of members that must be present at a meeting to make the proceedings of that meeting valid.

Shareholder Meetings

Gatherings of a corporation's shareholders, held to discuss company affairs, make decisions, and vote on corporate governance matters.