Which of the following would be most likely to shift a country's production possibilities curve outward?
A) An improvement in the general level of literacy and education.
B) A sudden, substantial expansion of consumer wants.
C) A reduction in the country's labor force or population.
D) Shifting resources from investment to consumption goods production.
Correct Answer:
Verified
Q162: From a point inside the production possibility
Q163: Exhibit 3-14 Q164: Draw a picture of a production possibilities Q165: Does economic growth eliminate scarcity? Q166: Suppose Freeland produces few consumption goods and
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