Answered

Which of the following will shift the production possibilities curve to the right?
an increase in the unemployment rate from 6 to 8 percent
O a decline in the efficiency with which the present labor force is allocated
a decrease in the unemployment rate from 8 to 6 percent
O a technological advance that allows farmers to produce more output from given inputs

Verified Answer :

GinnyAnswer

Final answer:

Improving technology and factors of production leads to economic growth, shifting the production possibilities curve outward.


Explanation:

Increasing the quantity or quality of factors of production and/or improving technology will shift the production possibilities curve outward. This process, known as economic growth, results from factors like technological advances. For example, a technological advance that allows farmers to produce more output from given inputs would shift the curve to the right.


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