The process through which an economy's production possibilities curve shifts outward is:

Question

Quizplus · Accepted Answer

Investment in research and development allows for the creation of new technology and innovation, which in turn can improve efficiency and productivity, leading to an outward shift in the production possibilities curve. Full-employment management, resource renewal, and out-resourcing may help to maximize existing resources but do not necessarily result in an outward shift of the production possibilities curve.

The Process Through Which an Economy's Production Possibilities Curve Shifts