Economy, asked by bijidsuli, 1 year ago

can do production possibility curves cut each other. reasons.​

Answers

Answered by velmanmachines
1

This causes output to increase, so the production possibilities curve shifts outward, or to the right. On the other hand, let's say a major war causes destruction of capital equipment in the country. This would cause output to decrease, so in this case, the production possibilities curve shifts inward, or to the left.


bijidsuli: thank you
Similar questions