Each of the following would shift a nation's production possibilities frontier outward,but which is least likely to be accompanied by an increase in the standard of living?

Question

Quizplus · Accepted Answer

While population growth can lead to an outward shift in the production possibilities frontier, it does not necessarily lead to an increase in the standard of living. In fact, it can lead to a decrease in the standard of living if the growth is not accompanied by corresponding increases in resources and technology. This is because a larger population puts more strain on resources and can lead to a lower per capita output.

Each of the Following Would Shift a Nation's Production Possibilities