Refer to the information provided in Figure 2.6 below to answer the questions that follow. Figure 2.6
-Refer to Figure 2.6. Which of the following is most likely to shift the production possibility frontier from ppf1 to ppf2?
A) a change in consumer tastes
B) the purchase of stocks on the New York Stock Exchange
C) moving resources from capital to consumer goods
D) an increase in the general educational level of the population

Question

Refer to the information provided in Figure 2.6 below to answer the questions that follow.  Figure 2.6
-Refer to Figure 2.6. Which of the following is most likely to shift the production possibility frontier from ppf1 to ppf2?
A) a change in consumer tastes 
B) the purchase of stocks on the New York Stock Exchange 
C) moving resources from capital to consumer goods 
D) an increase in the general educational level of the population

Quizplus · Accepted Answer

An increase in the general educational level of the population can enhance the skills and productivity of the workforce, leading to economic growth and an outward shift of the production possibility frontier from ppf1 to ppf2.

Refer to the Information Provided in Figure 2