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kupik [55]
3 years ago
15

If the general education level within a country rises significantly over time, it is likely that: the country’s production possi

bilities curve will shift in. the country’s production possibilities curve will become convex to the origin. the country’s production possibilities curve will not change in any way. the country’s production possibilities curve will shift out. the country will move to a different point along its current production possibilities curve.
Business
1 answer:
kiruha [24]3 years ago
6 0

Answer: Option (D) is correct.

Explanation:

Correct: The country’s production possibilities curve will shift out.

The production possibility frontier shows different combination of two goods that are to be produced with the available resources. It also shows the point on the curve which represents the efficient level of quantity to be produced.

So, if there is any improvement in the factors such as technology advancement and level of education will generally results in higher economic growth and increase in the level of output.  

Hence, there is an outward shift in the production possibility frontier.

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Answer:

Supply, shift in , rise fall

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6 0
3 years ago
Price Per Unit Quantity Supplied Quantity Demanded $10 100 295 11 150 275 12 190 250 13 220 220 14 245 180 15 265 135 If a techn
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$12

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