When the production possibility curve shifts outwards, th...
When the production possibility curve shifts outwards, the economy experiences
Growth
Over-production
Inefficient use of resources
Under-production
Correct answer is A
When the curve shifts outward, or to the right, that means output is increasing.
Similar Questions
Entrepreneur is associated more with ...
A balance budget is defined as a condition of ...
Inflation may occur if there is ...
One profitable form of business undertaken by the commercial banks is ...
An increase in the price of a commodity will result in ...
The additional cost incurred by producing an additional unit of output is known as ...
National Income estimates can be used to ...
An important determinant of price elasticity of demand is ...