Multiple Choice
Which of the following will not shift the production possibilities curve outward?
A) an improvement in technology, which increases the efficiency of inputs
B) the discovery of significant oil reserves in Alaska
C) a decrease in capacity utilization of existing factories
D) additions to the stock of physical capital
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Exhibit 3-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-13
Q11: Exhibit 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-4
Q12: High wage countries like the United States
Q13: Exhibit 3-15 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-15
Q14: Exhibit 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-3
Q16: The use of large amounts of labor
Q17: Which of the following is false?<br>A)A production
Q18: When economists speak of markets, they primarily
Q19: A devastating earthquake destroys ten percent of
Q20: A production possibilities curve will be concave