
- Refer to the above diagram. A shift in the production possibilities curve from AB to CD is most likely due to:
A) the use of the economy's resources in an efficient way.
B) an increase in the spending of business and consumers.
C) an increase in government purchase of the economy's output.
D) an increase in the quantity and quality of labor resources.
Correct Answer:
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Q14: Suppose an economy produces only three products,
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