Question: As productive resources and technological know-how increase, a nation's production-possibility curve shifts outward. Use a production-possibility curve to show how resource growth and improvements in
As productive resources and technological know-how increase, a nation's production-possibility curve shifts outward. Use a production-possibility curve to show how resource growth and improvements in technology can allow a nation to increase its production of government goods and services while also increasing its output of private goods and services.
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