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

An increase in the labor force, such as more teenagers entering it, can lead to an outward shift in the production possibilities curve as it increases the economy's capacity to produce goods and services.

Which of the Following Events Would Allow the Production Possibilities