Multiple Choice
When more resources in an economy are devoted to the production of capital goods, what happens to the production possibilities curve?
A) The production possibilities curve is unchanged from period to period.
B) The production possibilities curve in the current period shifts inward, but shifts outward in the future.
C) The production possibilities curve shifts inward.
D) The production possibilities curve shifts outward in the future.
Correct Answer:
Verified
Correct Answer:
Verified
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