Which of the following would shift the production possibilities frontier outward?
A) an increase in the size of the labour force
B) more efficient use of existing resources and technology
C) the end of a strike by a labour union
D) society's desire to produce more of one of the goods
Correct Answer:
Verified
Q112: Assume a bowed-out shape of a production
Q113: Exhibit 2-7 Q114: What does any movement along the production Q115: Assume a bowed-out production possibilities frontier showing Q116: Suppose there is an improvement in technology.Which Q118: Suppose there is an improvement in technology.Which Q119: On a production possibilities frontier, how is
a.
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