Which of the following would result in an outward shift of the production possibilities curve?

Question

Quizplus · Accepted Answer

Technological improvement would result in an outward shift of the production possibilities curve by increasing the potential output of both goods and services. Efficiency improvement might allow existing resources to be used more effectively, but it would not necessarily expand the production possibilities themselves. A decrease in capital or land would decrease the available resources and shift the production possibilities curve inward.

Which of the Following Would Result in an Outward Shift