Which of the following statements is not correct?
A) An increase in a nation's labor supply will cause its potential output to increase
B) Economic growth can be illustrated by an expansion of a nation's production possibilities curve
C) An increase in the quantity of a nation's resources will cause economic growth, but an increase in the quality of resources will not
D) New technologies or new ways of producing output can cause a nation's production possibilities curve to shift outwards
Correct Answer:
Verified
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A) A
