Question

1.What does the rightward shift in the production possibility curve indicate?
2.Use PPC technique to show growth of resources in an economy?
3.What does leftward shift in production possibility cure indicate?

Answer 1

Answer:

1 .  It indicates that there is  increase in the present supply of resources and technology which leads  to overall production increases which results in economic growth

2 . when there is growth of  resources in economy  PPC curve shift rightward .

3 .   It indicates that the potential output in the economy has decreased.

Hope it helps you