What are the two major ways in which an economy can grow
and push out its production possibilities curve?
a. Better weather and nicer cars.
b. Higher taxes and lower spending.
c. Increases in resource supplies and advances in technology.
d. Decreases in scarcity and advances in auditing.
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QUESTION
What are the two major ways in which an economy can grow and push out its production possibilities curve?
ANSWER
Increases in resource supplies and advances in technology.
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