Suppose an economy moves from a point inside of its production possibilities curve to a point...
Suppose an economy moves from a point inside of its production possibilities curve to a point on the curve. The most likely source of this economic growth is:
Group of answer choices
increases in the quality of inputs.
demand and efficiency factors.
technological change.
supply factors.
Homework Answers
Ans: Demand and efficiency factors.
Explanation:
Inefficient production and insufficient demand for the goods and services leads an economy to operate below its potential level. So, Suffiucient demand and efficient factors of production can move an economy from a point inside of its production possibilities curve to a point on the curve.
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