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

Economics

You might also like to view...

Which of the following would most likely be part of the study of microeconomics?

A) how General Motors makes decisions regarding its production goals B) national income C) the total economic output of our domestic economy D) overall price stability in the United States

Economics

The largest marital status category of black single parents in 1960 was "married-spouse absent."

Indicate whether the statement is true or false

Economics