Which of the following would shift the production possibilities frontier outward?
A)A reduction in inefficiency
B)A reduction in the size of the labor force
C)An improvement in technology
D)A change in the combination of goods produced
E)Increasing opportunity costs

Question

Quizplus · Accepted Answer

An improvement in technology would increase the efficiency of production, allowing for more output to be produced with the same amount of resources. This would shift the production possibilities frontier outward.

Which of the Following Would Shift the Production Possibilities Frontier