Question

question 6 (10 points)
which of the following best describes economic growth?
it will shift the production possibilities curve to the left.
it will eventually eliminate scarcity.
it is likely to be determined by uncontrollable factors, such as the climate.
it often results from improved technology.

Explanation:

• A leftward shift of the production possibilities curve represents economic contraction, not growth, so the first option is incorrect.
• Scarcity is a fundamental economic condition that cannot be eliminated even with growth, so the second option is wrong.
• While some external factors can impact growth, it is largely driven by controllable factors like investment and policy, so the third option is incorrect.
• Improved technology increases productive capacity, which is a key driver of economic growth, making the fourth option correct.

Answer:

It often results from improved technology.