Which of the following would most likely shift a production possibilities curve to the right? a. shifting resources from the production of one good to the production of anotherb. a decline in the size of the labor forcec. an improvement in the education level of the work force of a nationd. a sudden substantial increase in consumer desires to purchase goods

Question

Business

Yadiel Whitney

20 December, 12:21

Which of the following would most likely shift a production possibilities curve to the right? a. shifting resources from the production of one good to the production of anotherb. a decline in the size of the labor forcec. an improvement in the education level of the work force of a nationd. a sudden substantial increase in consumer desires to purchase goods

+2

Answers (1)

Know the Answer?

Leonardo Wiley · Answer 1

Option (d) is correct.

Explanation:

Production possibility curve refers to the graphical representation of the combination of two goods that an economy can produce with the available resources.

If there is an increase in the demand for goods or we can say that the consumer's desires to the buy the good increases then as a result this will shift the production possibility curve rightwards. Now, more of both the goods are produce by the economy.