The position of a country's production possibilities curve in the future will be affected by:
A)the rate of technological progress.
B)discoveries of supplies of natural resources.
C)the growth rate of productivity in the country.
D)all of the above.

Question

The position of a country's production possibilities curve in the future will be affected by:
A)​the rate of technological progress.
B)​discoveries of supplies of natural resources.
C)​the growth rate of productivity in the country.
D)​all of the above.

Quizplus · Accepted Answer

All of the above factors, including the rate of technological progress, discoveries of supplies of natural resources, and the growth rate of productivity, can affect a country's position on the production possibilities curve in the future. Technological progress can increase efficiency and expand the production possibilities of a country, while discoveries of natural resources can lead to new opportunities for production. The growth rate of productivity, which is influenced by factors such as education and infrastructure, can also have a significant impact on a country's ability to produce goods and services in the future.

The Position of a Country's Production Possibilities Curve in the Future