An outward shift of the production possibility curve show...
An outward shift of the production possibility curve shows that
Production is shifting to the left
Resources are under-utilized
Economic growth has taken place
Factors of production are moving outward
Correct answer is D
Increases in the production possibilities curve are represented by shifts outward, or to the right, while decreases are represented by shifts inward, or to the left.
When using a PPC, growth is defined as an increase in potential output over time, and illustrated by an outward shift in the curve. An outward shift of a PPC means that an economy has increased its capacity to produce all goods.
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