Get premium membership and access questions with answers, video lessons as well as revision papers.

Explain some of the factors which could cause a rightward shift in a country’s production possibility curve.

      

Explain some of the factors which could cause a rightward shift in a country’s production possibility curve.

  

Answers


marlyne
Although economic resources are fixed in the short term, in the long run it becomes possible to obtain more resources or to make better use of those which we have. Therefore the PPF will shift to the right if a country can increase the quantity or quality of resources available to it. There are a number of ways in which this can be achieved.
marlinbito answered the question on July 5, 2018 at 10:01


Next: Explain what is shown by a production possibility curve (frontier).
Previous: Explain what is meant by the term market failure.

View More Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions