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Consider a production possibilities curve for an economy producing food and clothing. Under what circumstances is it possible to increase the production of food without
Consider a production possibilities curve for an economy producing food and clothing. Under what circumstances is it possible to increase the production of food without sacrificing clothing?
- when the production possibilities curve shifts outward due to decreased immigration (which reduces the labour force)
- when the economy moves from one point on the production possibilities curve to another point on the curve
- when the economy moves from a point outside the production possibilities curve to a point inside the curve
- when the production possibilities curve shifts outward due to technological progress
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