If a country were to experience an increase in its factors of production,its production possibilities frontier would shift outward.

Question

Quizplus · Accepted Answer

An increase in the factors of production (such as labor, capital, land, and entrepreneurship) means that a country can produce more goods and services than before. This increases the potential output and expands the production possibilities frontier. Therefore, the statement is true.

If a Country Were to Experience an Increase in Its