Which of the following scenarios might explain what an economy would be operating inside its production possibilities curve? Select one: a. Because damage to natural resources, such as might be caused by deforestation leading to erosion of topsoil, has shrunk the land resource O b. Because of discrimination against employing workers of a certain race or gender O c. Because technological innovations have increased the productivity of labour and capital O d. Because shrinking population has reduced the number of productive workers in the economy

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Which of the following scenarios might explain what an economy would be operating inside its production possibilities
curve?
Select one:
O a. Because damage to natural resources, such as might be caused by deforestation leading to erosion of topsoil,
has shrunk the land resource
O b. Because of discrimination against employing workers of a certain race or gender
O c. Because technological innovations have increased the productivity of labour and capital
O d. Because shrinking population has reduced the number of productive workers in the economy
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Transcribed Image Text:Which of the following scenarios might explain what an economy would be operating inside its production possibilities curve? Select one: O a. Because damage to natural resources, such as might be caused by deforestation leading to erosion of topsoil, has shrunk the land resource O b. Because of discrimination against employing workers of a certain race or gender O c. Because technological innovations have increased the productivity of labour and capital O d. Because shrinking population has reduced the number of productive workers in the economy Next page IMG_7969.jpeg
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When the economy is operating under the production possibility curve then this implies that all the resources in an economy are not utilized in an optimum manner or fully.

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