A growth of resources in an economy is shown in PP by.
1. Leftward Shift
2. Unchanged PPC
3. Rightward Shift
4. None of the above
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Answers
Answered by
7
Answer:
It is achieved by increasing the quantity or quality of resources. ... Production possibilities, which analyzes the alternative combinations of two goods that an economy can produce with given resources and technology, indicates economic growth with an outward shift of the production possibilities curve
so ur ànswer is 2) option
Answered by
2
3. Rightward Shift
Explanation:
- A "Production Possibility Curve (PPC)" is a curve that indicate different combinations of 2 goods' amounts that could be produced in the "given resources & technology".
- That is, a "graphical representation" indicating all the likely options of output for 2 products which could can be produced utilising all "factors of production", wherein the specified resources are fully & efficiently utilised/unit time.
- PPC curve shifts to the right indicate the "output combinations" of different goods utilising the "best available technology" which could be produced utilising all the applicable resources. When the "curve shifts right" it means there is an "increase in the technology" or " growth of the resources" or both of them.
To know more
State two properties of production possibility curve - Brainly.in
https://brainly.in/question/8420385
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