If a Nation Devotes a Larger Share of Its Current

question 79

Multiple Choice

If a nation devotes a larger share of its current production to consumption goods,then

• A) its economic growth will slow down.
• B) its PPF will shift outward.
• C) its PPF will shift inward.
• D) some productive factors will become unemployed.
• E) it must produce at a point within its PPF.

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Definitions:

Experience Levels

Refers to the degrees of knowledge, skill, and proficiency acquired through work or education over time.

Performance Abilities

The capabilities and skills that an individual possesses which contribute to their effectiveness and efficiency in job tasks.

Wages

Generally refer to hourly compensation paid to operating employees; the basis for wages is time.

Workers' Compensation

Insurance that provides wage replacement and medical benefits to employees injured in the course of employment.