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Question
question 18
which scenario would result in an outward shift of the production possibilities curve?
discovery of new natural resources such as oil or minerals.
implementation of restrictive regulations on key industries.
a decline in public health leading to a less productive workforce.
a financial crisis causing widespread business closures.
The production - possibilities curve shifts outward when there is an increase in resources or technological progress. New natural resources expand production capacity. Restrictive regulations, a decline in public health, and a financial crisis reduce production potential and would cause an inward shift or no outward shift.
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Discovery of new natural resources such as oil or minerals.