All other things unchanged, which of the following events leads to a shift further outward in the country's production possibility curve?
A) Its labor force participation rate decreases by 5% per year compared to 3% per year.
B) Its saving rate falls from 8% to 1% per year.
C) Government expenditures on basic research increases by 10% per year.
D) The number of students completing college education falls.
Correct Answer:
Verified
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