The production possibilities curve shifts outward when
A) the law of increasing additional cost takes hold.
B) the economy is producing efficiently.
C) we produce more consumption goods over productive investment in equipment.
D) there is an increase in resources or technology.
Answer: D
You might also like to view...
Which of the following directly creates growth in labor productivity?
I. Growth in capital per hour of labor II. Technological change III. Population growth A) I only B) II only C) I and II D) I and III
Each of these is an industrial union except
A. the steel workers' union. B. the auto workers' union. C. the teamsters' union. D. the musicians' union.
Total governmental purchases—federal, state, and local combined—accounted for about what percentage of domestic output in 2012?
A. 35 percent. B. 20 percent. C. 10 percent. D. 5 percent.
Which of the following will NOT cause a shift in the demand for portable power banks?
A. a change in income B. a change in the price of portable power banks C. a change in taste D. a change in the price of smartphones