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Figure 2-12
-Refer to Figure 2-12.Which of the following would most likely have caused the production possibilities frontier to shift outward from A to B?
Economic Growth
The increase in a country's production of goods and services over time, indicative of a growing economy.
Technology
Implementing scientific insights for real-world applications, chiefly in the field of industry.
Unemployment
The situation where individuals who are able and willing to work cannot find employment.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing between options.
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