Question

3)TheGovernmentestablishesalargenumberofinstitutesof scienceandtechnology.Howwilitafecttheproduction possibilityfrontier?Explain

Answer 1

Answer:

By establishing a large number of institutes of science and technology, the PPC or Production Possibility Frontier of an economy will shift upwards as there are more skilled resources and technology in the economy. As a result, the production potential of the economy will increase and then the PPC will shift to the rightRead more on Sarthaks.com - https://www.sarthaks.com/77539/government-establishes-institutes-science-technology-production-possibility-frontier

Explanation: