Which of the Following Would Shift a Nation's Production Possibilities

question 72

Multiple Choice

Which of the following would shift a nation's production possibilities frontier inward?

• A)discovering a cheap way to convert sunshine into electricity
• B)producing more capital equipment
• C)an increase in the unemployment rate
• D)a law requiring workers to retire at age 50

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Definitions:

Purchasing Inventory

The process of acquiring goods and materials that a business sells or uses in its production process, an essential component of supply chain management.

Fixed Asset Sale

The process of selling long-term assets, such as property, plant, and equipment, for cash or other compensation.

Cash Increase

A rise in the amount of cash and cash equivalents held by a business.

Accounts Payable

Liabilities of a business representing money owed to creditors for goods and services purchased on credit.