Improving the level of education of the labor force will:
A)move the economy from a point inside the production possibilities curve to a point on the production possibilities curve.
B)move the economy from a point on the production possibilities curve to a point inside the production possibilities curve.
C)shift the production possibilities curve outward.
D)shift the production possibilities curve inward.

Question

Improving the level of education of the labor force will:
A)​move the economy from a point inside the production possibilities curve to a point on the production possibilities curve.
B)​move the economy from a point on the production possibilities curve to a point inside the production possibilities curve.
C)​shift the production possibilities curve outward.
D)​shift the production possibilities curve inward.

Quizplus · Accepted Answer

Improving the level of education of the labor force will increase the efficiency and productivity of the workers, leading to an increase in the economy's overall output. This increase in output will shift the production possibilities curve outward, indicating that the economy can produce more goods and services with the available resources. Therefore, the correct answer is C.

Improving the Level of Education of the Labor Force Will