Answer the next five questions on the basis of the following diagram:

-All of the following factors would shift the curve from ABCDE to FGHJK
Except:

Question

Answer the next five questions on the basis of the following diagram:
 
-All of the following factors would shift the curve from ABCDE to FGHJK
Except:

Quizplus · Accepted Answer

Factors such as technological progress, a larger capital stock, and a larger labor force would typically shift a production possibilities curve outward, indicating an increase in the potential output of an economy. A famine, however, would likely have the opposite effect by reducing the availability of resources, thus not contributing to an outward shift of the curve.

Answer the Next Five Questions on the Basis of the Following