Which of the following would be most likely to shift a country's production possibilities curve outward?
a. An improvement in the general level of literacy and education
b. A sudden, substantial expansion of consumer wants.
c. A reduction in the country's labor force or population.
d. Shifting resources from investment to consumption goods production.
a
Economics
You might also like to view...
A survey recently indicated that being happy at work tends to make workers more productive. What can be a possible error of this conclusion?
What will be an ideal response?
Economics
Two duopoly firms that sell an identical good form a cartel. They decide to collude and fix the price of their good. In this prisoners' dilemma type situation, the likely outcome is
A) both will cheat. B) neither one will cheat. C) only one will cheat. D) It is impossible to say.
Economics