1 Improvements in Technology

Multiple Choice

1. Improvements in technology. 2. Increases in the supply (stock) of capital goods.
3) Purchases of expanding output.
4) Obtaining the optimal combination of goods, each at least-cost production.
5) Increases in the quantity and quality of natural resources.
6) Increases in the quantity and quality of human resources.
Which set of items in the accompanying list would move an economy from a point inside its
Production possibilities curve to a point on its production possibilities curve?

A) 1, 2, 5, and 6 only
B) 3 and 4 only
C) 3 only
D) 1, 3, and 4 only