What may cause the production possibilities of an economy to shift outward? A. A decline in the

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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

Related Book For answer-question

Managerial Economics Markets and the Firm

ISBN: 978-0618988624

2nd edition

Authors: William Boyes

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Posted Date: Feb 17, 2022 06:38 AM

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What may cause the production possibilities of an economy to shift outward? A. A decline in the

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Solution The correct answer is C An increase in reso... View the full answer

Managerial Economics Markets and the Firm

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