Which of the following would most likely shift the production possibilities curve inward?
A) an increase in the number of hours factories are in use
B) a decrease in the average number of hours worked per week as the labor force chooses to enjoy more leisure time
C) an increase in the production of capital goods
D) technological progress

Question

Quizplus · Accepted Answer

A decrease in the average number of hours worked per week, as the labor force chooses to enjoy more leisure time, would likely reduce the total output of goods and services, shifting the production possibilities curve inward. This reflects a reduction in labor input, one of the key factors of production.

Which of the Following Would Most Likely Shift the Production