The production possibility frontier will shift outward for which of the following reasons?
A) a decrease in the labor force
B) an upgrade of capital to the best available technology
C) better technology that improves worker productivity
D) a decrease in the unemployment rate
Correct Answer:
Verified
Q29: The production possibility frontier is bowed out
Q30: All points outside the production possibility frontier
Q31: Figure: Production Possibility Frontier Curve for Tealand
Q32: One of the controversies surrounding America's energy
Q34: The economy's factors of production are not
Q36: If Poland decides to increase the production
Q37: All points inside the production possibility frontier
Q38: If an economy is producing at a
Q42: The opportunity cost of production:
A)is the price
Q59: Technological improvements will:
A)leave the production possibility frontier
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