Save All Answers QUESTION 1 B D Consumer Goods Refer to the above diagram. Incre

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Save All Answers QUESTION 1 B D Consumer Goods Refer to the above diagram. Increases in the quantity and quality of human resources and capital are best represented by a: D shift in the production possibilities curve from AB to CD move from yon CD to X on AB. D shift in the production possiblities curve from CD to AB C)move from X to Z along AB. QUESTION 2 All of these can improve a country's labor productivity EXCEPT D on-the-job training. provision of public education. mprovements in technology use of less capital and more labor

Explanation / Answer

1) shift in the production possibilities curve fron AB to CD

Increase in the output will shift the production possibilities curve to outwards or to the right. The economic growth will allow more production of output and capital and the production possibilities curve shifts outward.

2) Use of less capital and more labor

Labor productivity will be increased by improvement in technology, job training and provision of public education. But use of less capital and more labor will not increase labor productivity.

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