Which of the following events would allow the production possibilities curve to shift outward?
A)The economy's capital stock declines.
B)More teenagers enter the labor force.
C)Technology is lost.
D)People begin to retire at earlier ages.

Question

Quizplus · Accepted Answer

More teenagers entering the labor force increases the available labor, which can enhance the economy's capacity to produce goods and services, thus shifting the production possibilities curve outward.

Which of the Following Events Would Allow the Production Possibilities