1.

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.

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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