Question

question 7 (10 points) ✔ saved which of the following will shift a production possibilities curve outward? a decrease in available labour and capital an increase in funding for entrepreneurs a decrease in the price of oil an increase in wages

Explanation:

A production possibilities curve (PPC) shifts outward when an economy's productive capacity increases.

• A decrease in labour/capital reduces capacity, shifting PPC inward.
• Lower oil prices are a temporary input cost change, not a long-term capacity increase.
• Higher wages raise production costs but do not expand overall productive capacity.
• Increased funding for entrepreneurs supports innovation, expansion of production capabilities, and investment in new resources, which increases the economy's maximum potential output, shifting the PPC outward.

Answer:

B. an increase in funding for entrepreneurs