According to the production possibility model, if more resources are allocated to the production of physical and human capital, then which of the following is likely to happen?

Question

Answer

Fewer goods will be produced for consumption today.

Answer

The production possibility frontier will be shifted inward in the future.

Answer

Future economic growth will decline.

Answer

The country’s total production will fall.

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According to the production possibility model, if more resources are allocated ...

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