Exhibit 3-12
-Refer to Exhibit 3-12. Which of the following could make Point Q attainable in the production possibilities diagram?

Question

​Exhibit 3-12 
-Refer to Exhibit 3-12. Which of the following could make Point Q attainable in the production possibilities diagram?

Quizplus · Accepted Answer

An increase in land available for agricultural use would shift the production possibilities frontier outwards, increasing the maximum levels of both wheat and apples that can be produced. This would therefore make point Q attainable. Policies encouraging full employment of resources would not necessarily shift the production possibilities frontier outwards, and thus would not make point Q attainable. Technological innovations in the production of apples only or a transfer of available resources from apple to wheat production would shift the production possibilities frontier inwards for apples, making point Q unattainable.

​Exhibit 3-12 -Refer to Exhibit 3-12. Which of the Following Could Make

Exhibit 3-12 -Refer to Exhibit 3-12. Which of the Following Could Make