what does a production possiblity curve show? when will it shift to the right
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ᴛʜᴇ ᴄᴜʀᴠᴇ ᴍᴇᴀsᴜʀᴇs ᴛʜᴇ ᴛʀᴀᴅᴇ-ᴏғғ ʙᴇᴛᴡᴇᴇɴ ᴘʀᴏᴅᴜᴄɪɴɢ ᴏɴᴇ ɢᴏᴏᴅ ᴠᴇʀsᴜs ᴀɴᴏᴛʜᴇʀ. ᴘᴘᴄ sʜɪғᴛs ᴛᴏ ᴛʜᴇ ʀɪɢʜᴛ ᴡʜᴇɴ ᴛʜᴇʀᴇ ɪs ᴀɴ ɪᴍᴘʀᴏᴠᴇᴍᴇɴᴛ ɪɴ ᴛᴇᴄʜɴᴏʟᴏɢʏ. ᴡʜᴇɴ ᴛᴇᴄʜɴᴏʟᴏɢɪᴄᴀʟ ᴘʀᴏɢʀᴇss ᴛᴀᴋᴇs ᴘʟᴀᴄᴇ, ɪᴛ ɪs ᴘᴏssɪʙʟᴇ ᴛᴏ ᴘʀᴏᴅᴜᴄᴇ ᴍᴏʀᴇ ᴏғ ᴛᴡᴏ ɢᴏᴏᴅs ᴡɪᴛʜ ᴀ ɢɪᴠᴇɴ ᴀᴍᴏᴜɴᴛ ʀᴇsᴏᴜʀᴄᴇs
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The curve measures the trade-off between producing one good versus another. PPC shifts to the right when there is an improvement in technology. When technological progress takes place, it is possible to produce more of two goods with a given amount resources.
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