Narrbegin Exhibit 2.5 Production possibilities frontier Narrend
-For the economy shown in Exhibit 2.5 to operate at point C, it must:

Question

Narrbegin Exhibit 2.5 Production possibilities frontier  Narrend
-For the economy shown in Exhibit 2.5 to operate at point C, it must:

Quizplus · Accepted Answer

To move from a lower point like A to a higher point like C on an economic production possibility curve, an economy must increase its resources (such as labor, capital, land) or improve its technology. This allows the economy to produce more goods and services with the same amount of resources, effectively shifting the production possibility frontier outward.

Narrbegin Exhibit 2.5 Production Possibilities Frontier Narrend