-Exhibit B-7 shows the production possibilities curves for a country for the years 2003 and 2004. Which of the following could have caused this shift in the production possibility curves?

Question

Quizplus · Accepted Answer

An increase in the quantity of capital goods used as a resource would shift the production possibilities curve outward, indicating an increase in the country's capacity to produce goods and services.

-Exhibit B-7 Shows the Production Possibilities Curves for a Country