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?
A) The country's total production will fall.
B) Fewer goods will be produced for consumption today.
C) Future economic growth will decline.
D) The production possibilities frontier will be shift inward in the future
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Home » Business » 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? A) The country's total production will fall.