Improving the education level of the labor force will
A)shift the production possibilities curve inward.
B)not shift the production possibilities curve since the total size of the labor force has not been changed.
C)shift the production possibilities curve outward.
D)cause a movement from a point inside the production possibilities curve to a point on the curve.

Question

Quizplus · Accepted Answer

Improving the education level of the labor force will result in a more skilled and productive workforce, leading to an increase in the production possibilities of the economy. This leads to an outward shift of the production possibilities curve.

Improving the Education Level of the Labor Force Will