Refer to the accompanying diagram. Which of the following is the most likely cause for a shift in the production possibilities curve from AB to CD?
A) the use of the economy's resources in a more efficient way
B) an increase in the spending of business and consumers
C) an increase in government purchases of the economy's output
D) an increase in the quantity and quality of labor resources
Correct Answer:
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Q173: Assume that an economy has 1,500 workers,
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A) most capital
