Which of the following will most likely cause an outward shift in the production possibilities curve?

a. a reduction in the man-made productive resources available to the economy as the result of a decline in investment
b. an increase in government payments to farmers for taking land out of production
c. an increase from 40 to 50 hours in the average number of hours worked per week
d. None of the above would cause an outward shift in the production possibilities curve.

C

Economics

You might also like to view...

The world is more likely to run out of gold than it is to run out of bald eagles

Indicate whether the statement is true or false

Economics

An increase in quantity supplied is represented by a rightward shift of the supply curve

Indicate whether the statement is true or false

Economics