Question
What may cause the production possibilities of an economy to shift outward? A. A decline in the level of technology which may force an economy
What may cause the production possibilities of an economy to shift outward?
A. A decline in the level of technology which may force an economy to revert back to backward technology.
B. The use of unemployed labor.
C. An increase in resources or an improvement in technology.
D. A decrease in resources.
E. Running out of resources
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Managerial Economics Markets and the Firm
Authors: William Boyes
2nd edition
618988629, 978-0618988624
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