Which of the following would most likely shift the production possibilities curve inward?
Which of the following would most likely shift the production possibilities curve inward?
A. an increase in the number of hours factories are in use
B. a decrease in the average number of hours worked per week as the labor force chooses to enjoy more leisure time
C. an increase in the production of capital goods
D. technological progress
Homework Answers
Answer : 16) The answer is option B.
Production possibility curve shift to inward when output level decrease. If per week average working hours decrease then the output level decrease. As a result, the production possibility curve shift to inward. Therefore, option B is correct.
Add Answer to:
Which of the following would most likely shift the production possibilities curve inward?
Philosophers draw a distinction between positive statements, which describe the world as it is, and s,...
Philosophers draw a distinction between positive statements, which describe the world as it is, and s, which describe how the world should be. O A. normative statement O B. budget constraint O c. Trade-off O D. opportunity cost The economic concept of scarcity means that wants are greater than theresources available to satis those wants: 0 A. Hard to find O B. Expensive O C. Bountiful ○ D· Limited 1 poi 1 point The basic difference between macroeconomics and microeconomics...
An economy's production possibilities curve could shift outward as a result of a(n) a) increase in...
An economy's production possibilities curve could shift outward as a result of a(n) a) increase in labor and capital b) reduction in the quantity of capital goods c) decrease in the production of goods or d) decrease in the amount of available resources?
otes more of its res B. Cause its producti its production possibilities curve to shift outward...
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
A country's production possibility curve moves from XX to YY as shown in the diagram. Inward...
A country's production possibility curve moves from XX to YY as shown in the diagram. Inward shift nation's supt capital or product goods - natura - tprod - less ef consumer goods What could have caused this movement? A a rise in the retirement age B an increase in investment Can increase in net emigration Da rise in technological progress
Which of the following would most likely cause an upward shift in a firm's cost curve?
Which of the following would most likely cause an upward shift in a firm's cost curve? a. a technological advance b. an increase in resource prices c. a decrease in demand for the firm's product d. a decline in consumer income
All of the following could immediately or eventually lead to an inward shift of a nation's production possibilities cur...
All of the following could immediately or eventually lead to an inward shift of a nation's production possibilities curve, EXCEPT a. emigration of skilled workers to other nations b. a decline in the birthrate c. an increase in the average skill level of occupational groups d. depletion and reduced availability of major economic resources
Which of the following can cause an outward shift in the production possibilities curve? a.An increase...
Which of the following can cause an outward shift in the production possibilities curve? a.An increase in the quantity of labor b.An increase in the stock of capital c.An improvement in the quality of resources d.An improvement in technology e.All of the above f.None of the above
Exhibit 2-16 Production possibilities curve Consumption goods 0 1 1TVO 2 3 4 5 6 7...
Exhibit 2-16 Production possibilities curve Consumption goods 0 1 1TVO 2 3 4 5 6 7 Capital goods 1. In Exhibit 2-16, which of the following points on the production possibilities curve are unattainable with the resources and technology currently available? a. B, C, D, U b. A, B, C, D, U c. E and W d. A, B, C, U e. A, B, C, D In Exhibit 2-16, which of the following points on the production possibilities curve are...
QUESTION 4 Refer to the diagram. Other things equal, this economy will shift its production possibilities...
QUESTION 4 Refer to the diagram. Other things equal, this economy will shift its production possibilities curve outward the most if: 8 Consumer Goods it chooses point B. the ratio of capital to consumer goods is minimized. c, chooses point A. 0 d. it chooses point C
A shift of the production possibilities curve outward could imply that an increase in inflation expectation society has...
A shift of the production possibilities curve outward could imply that an increase in inflation expectation society has chosen a different set of outputs productivity has decreases at an increasing rate the labor productivity has grown productivity has decline because workers are demanding more leisure Marginal utility describes utility gain from all consumption extra utility for each additional good consumed output divided by price extra output divided by extra utility the labor produ
Philosophers draw a distinction between positive statements, which describe the world as it is, and s, which describe how the world should be. O A. normative statement O B. budget constraint O c. Trade-off O D. opportunity cost The economic concept of scarcity means that wants are greater than theresources available to satis those wants: 0 A. Hard to find O B. Expensive O C. Bountiful ○ D· Limited 1 poi 1 point The basic difference between macroeconomics and microeconomics...
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
A country's production possibility curve moves from XX to YY as shown in the diagram. Inward shift nation's supt capital or product goods - natura - tprod - less ef consumer goods What could have caused this movement? A a rise in the retirement age B an increase in investment Can increase in net emigration Da rise in technological progress
Exhibit 2-16 Production possibilities curve Consumption goods 0 1 1TVO 2 3 4 5 6 7 Capital goods 1. In Exhibit 2-16, which of the following points on the production possibilities curve are unattainable with the resources and technology currently available? a. B, C, D, U b. A, B, C, D, U c. E and W d. A, B, C, U e. A, B, C, D In Exhibit 2-16, which of the following points on the production possibilities curve are...
QUESTION 4 Refer to the diagram. Other things equal, this economy will shift its production possibilities curve outward the most if: 8 Consumer Goods it chooses point B. the ratio of capital to consumer goods is minimized. c, chooses point A. 0 d. it chooses point C
Most questions answered within 3 hours.
-
1.why should every employee should know his rights in the
workplace?
2.why the industrial officer union...
asked 36 seconds ago -
Consider a binomial experiment with n = 9 trials where the
probability of success on a...
asked 37 seconds ago -
6. Given the following equations:
(i) 3 A2+ + 2 D → 3 A + 2...
asked 4 minutes ago -
Find the percentage of the total work lost to friction if 20.8 J
of work is...
asked 3 minutes ago -
Consider the oscillator position x=2 cos(2π t), where time t is
measured in seconds. What is...
asked 4 minutes ago -
A firm has beginning inventory of 340 units at a cost of $9
each. Production during...
asked 19 minutes ago -
Find the standard deviation of the following 6 price values of
the S & P 500...
asked 25 minutes ago -
Suppose Chris is offered the following gamble: with probability
0.1 he will win $90, with probability...
asked 27 minutes ago -
Adil knows that he has one of 3 possible liquid unknowns:
tetrahyrofuran (bp 65-67°C), ethyl acetate...
asked 38 minutes ago -
Fill in with the correct letters:
When considering a Supply and demand curve, what happens in...
asked 38 minutes ago -
Fiscal stimulus is weaker in an open economy because the
greater aggregate demand resulting from the...
asked 42 minutes ago -
Identify the components of replication, transcription, and
translation processes.
Replication
transcription
translation
DNA polymerase, deoxynucleoside triphosphate,...
asked 46 minutes ago