HKICPA QP Module 3 Business Economics Practice Questions - HKICPA Qualification Programme Associate Level Module 3 Business Economics (Hong Kong) Exam

Which of the following will cause a country's Production Possibilities Frontier (PPF) to shift outward?

An increase in the unemployment rate of the workforce A technological breakthrough that increases manufacturing efficiency An increase in the demand for consumer goods A reallocation of resources from capital goods to consumer goods

Correct Answer:

A technological breakthrough that increases manufacturing efficiency

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