Which of the following is likely to shift the production possibilities curve outward?

Question

Quizplus · Accepted Answer

An invention that reduces the amount of natural resources necessary for producing a good (option B) and the discovery of new natural resources (option C) are both likely to shift the production possibilities curve outward, as they increase the economy's ability to produce more goods and services. Option A is unlikely to have an effect on the production possibilities curve as it only involves a change in preferences rather than an increase in productive capacity.

Which of the Following Is Likely to Shift the Production