Production Possibility Frontier
17. The production-possibility frontier of a country can be said to shift outward as a result of the following. Which, if any, is the wrong explanation?
A) Expenditures on new plants and equipment are constantly being made.
B) The population increases.
C) Better methods of production are developed.
D) New oil finds are made.
E) All of the above are valid explanations
By OTA: Jiong Tu, PhD (IP)
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