Multiple Choice
Suppose an economy produces two goods: clothes and cars. This economy always operates on its production possibilities frontier. Last year, it produced 450 units of clothes and 25 cars. This year, it is producing 500 units of clothes and 30 cars. Which of the following would NOT explain the increase in output?
A) a reduction in unemployment
B) an increase in the labour force
C) an improvement in technology
D) an increase in worker productivity
Correct Answer:
Verified
Correct Answer:
Verified
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