1. Improvements in technology.

2. Increases in the supply (stock) of capital goods.

3. Purchases of expanding output.

4. Obtaining the optimal combination of goods, each at least-cost production.

5. Increases in the quantity and quality of natural resources.

6. Increases in the quantity and quality of human resources.

Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?

Multiple Choice

1, 2, 5, and 6 only
3 and 4 only
1, 3, and 4 only
3 only
More than 75 percent of the world's income is earned by what percentage of the world's population?

Multiple Choice

10 percent
40 percent
20 percent
5 percent

Improvements in technology : when a country improves its technology it will help the country to meet its production demands more efficiently and timely as well therefore leading to increase in production

Increases in supply of capital goods : The increase in stocks means increase in Finance for the country which will directly affect the increase in production from 1 point to another

Increase in the quantity and quality of natural resources : an increase in this will mean an increase in production from one point to the other because the more natural resource the more raw materials for production

Increase in the quantity and quality of human resource : with the increase in the quality of workers a country has the result will be evident on the rate and quality of production that would be carried out in the country.