Practicing Success
Ram and Sunita were discussing about their economics test on Production possibility frontier. They had an argument on the topic of "Shifts in PPC". According to you, which one of the following will indicate a rightward shift in the PPC? |
Under-utilisation of resources Degradation of technology Increase in the level of resources Both 1 and 2 |
Increase in the level of resources |
The PPC shifts to the right in the following cases:
|