5.What is the cause of shift in the PPC ?
(a)Growth of resources (b) Technical Advancement (c) Division of labour (d) All of these.
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Explanation:
Shifts in the production possibilities curve are caused by things that change the output of an economy, including advances in technology, changes in resources, more education or training (that's what we call human capital) and changes in the labor force
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Shifts in the production possibilities curve are caused by things that change the output of an economy, including advances in technology, changes in resources, more education or training (that's what we call human capital) and changes in the labor force.
d) all of these.
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