Multiple Choice
Improvements in and greater stocks of land, labor, capital, and entrepreneurial activity will shift the production possibilities curve:
A) outward, such that more goods and services can be produced.
B) outward, such that the cost-of-living rises.
C) inward, such that the marketplace experiences a decrease in price and output levels.
D) inward, because more resources will be used up and not renewed.
Correct Answer:
Verified
Correct Answer:
Verified
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