Consider a Production Possibilities Curve for an Economy Producing Bicycles

question 5

Multiple Choice

Consider a production possibilities curve for an economy producing bicycles and video game players. Under what circumstances is it possible to increase the production of bicycles without sacrificing video game players?

• A) if the production possibilities curve shifts outward due to decreased immigration (which reduces the labour force)
• B) if the economy moves from one point on the production possibilities curve to another point on the curve
• C) if the economy moves from a point outside the production possibilities curve to a point inside the curve
• D) if the production possibilities curve shifts outward due to technological progress

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