Asked by
Heides tination
on Oct 13, 2024
Verified
Which of the following will shift an economy's production possibilities curve inward?
A) An improvement in technology
B) An increase in the unemployment rate
C) A decrease in land,labor or capital
D) A decrease in the unemployment rate
Production Possibilities Curve
A graphical representation showing the maximum quantity of goods and services that can be produced within an economy given available resources and technology.
Unemployment Rate
The segment of individuals in the labor force who are not in employment but are looking for jobs actively.
- Pinpoint the causes that result in alterations to the production possibilities frontier (PPF).
Verified Answer
KS
Learning Objectives
- Pinpoint the causes that result in alterations to the production possibilities frontier (PPF).
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