With time, which one of the following strategies will most likely result in an outward shift in an economy's production possibilities curve?
A) passage of legislation reducing the workweek to 30 hours
B) institution of a tax policy encouraging research that advances technology
C) institution of a tax policy encouraging consumption at the expense of investment
D) passage of a law requiring the minimum wage to increase every year

Question

Quizplus · Accepted Answer

Encouraging research that advances technology can lead to improvements in productivity and efficiency, which can increase the economy's capacity to produce goods and services, thus shifting the production possibilities curve outward.

With Time, Which One of the Following Strategies Will Most