Author Question: Which would be least likely to cause the production possibilities curve to shift to the right? a. ... (Read 37 times)

penza · **on:** Jun 30, 2018

Which would be least likely to cause the production possibilities curve to shift to the right?
a. An increase in the labor force.
b. Improved methods of production.
c. An increase in the education and training of the labor force.
d. A decrease in unemployment.

Question 2

Other things being equal, a decreased supply of natural resources would be represented on a production possibilities curve by a(n):
a. movement off the curve to a point inside the curve.
b. movement down along the curve.
c. movement up along the curve.
d. inward shift of the entire curve.