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The shift in PPC is caused due to: A. Increase in resources for production of both the goodsB. Increase in resources for production of butter onlyC. Increase in resources for production of guns onlyD. None of these. |
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Answer» Correct Answer - A A. The PPC of an economy shifts outward if: Resources used in production such as coal, oil, and population in the economy increase. The economy sees improvements in technology which make production more efficient; more goods can be produced with the same resources. |
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