Expanding the supplies of raw materials, capital equipment, effective labor, and technological knowledge will:

Question

Quizplus · Accepted Answer

Expanding the supplies of raw materials, capital equipment, effective labor, and technological knowledge will shift outward the production possibilities curve for a nation, indicating an increase in the economy's production capacity. This means that a nation can produce more goods and services with the same amount of resources or produce the same amount of goods and services with fewer resources.

Expanding the Supplies of Raw Materials, Capital Equipment, Effective Labor