growth of output per capita. QUESTION 15 1 points All other things unchanged, which of the following events leads to a shift further outward in the country's production possibility curve? Its labor force participation rate decreases by 5% per year compared to 3% per year. Its saving rate falls from 8% to 1% per year. Government expenditures on basic research increases by 10% per year. O The number of students completing college education falls. QUESTION 16 1 points Which of the following occurred during the industrial revolution in the United States? I. More and more firms shifted toward mass production and automation II. More and more firms substituted capital investment and technology for labor, leading to a decrease in the demand for labor. III. Technological change and capital investment displaced workers in some industries, although for the economy as a whole, the demand for labor increased O I only O I and II only O I and Ill only O lI only O Ill only QUESTION 17