Which of the following MOST likely to cause the production possibilities frontier to shift to the right?

Question

Quizplus · Accepted Answer

An increase in technology would most likely cause the production possibilities frontier to shift to the right, as it would allow for more efficient production and the ability to produce more goods and services using the same amount of resources. An increase in consumption (B) would theoretically lead to a shift to the left, as more resources are being used for consumption and less for production. An increase in producer prices (C) may incentivize more production, but would not necessarily lead to an expansion of production possibilities. An increase in tax revenues (D) may provide more resources for the government or private sector, but would not directly impact the production possibilities frontier.

Which of the Following MOST Likely to Cause the Production