In order for an economy to increase its production possibilities, the economy must

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Quizplus · Accepted Answer

Increasing inputs such as labor or capital, or improving technology can increase an economy's production possibilities. Efficiency can improve production possibilities, but it is not the only factor required. Increasing wants may motivate consumers to increase demand, but it does not necessarily increase an economy's production possibilities. Reducing output would decrease an economy's production possibilities.

In Order for an Economy to Increase Its Production Possibilities