The sustained expansion of production possibilities is called
A) economic investment.
B) production expansion.
C) opportunity cost of growth.
D) economic growth.
E) production possibilities.

Question

Quizplus · Accepted Answer

The sustained expansion of production possibilities is commonly referred to as economic growth, which is the increase in the market value of goods and services produced by an economy over time. This expansion can be due to technological advancements, increased efficiency, increased investment in capital, or growth in the labor force. Therefore, option D, economic growth, is the correct answer.

The Sustained Expansion of Production Possibilities Is Called