A production possibilities curve will shift outward or to the right for all of the following reasons EXCEPT
A. an increase in the unemployment rate.
B. an increase in the quality of the labor force.
C. a discovery of a new source of renewable energy.
D. an improvement in production technology.
Answer: A
Economics
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A point outside the production possibilities curve [PPC]:
a. represents inefficient use of resources. b. represents the prevalence of unemployment. c. is attainable if all resources are used efficiently. d. represents more resources than are currently available. e. will never be attainable, even if the quantity of resources increases.
Economics