The PPF shifts if

Question

The PPF shifts if

Quizplus · Accepted Answer

The PPF or Production Possibility Frontier represents the maximum amount of goods and services that a nation can produce with its available resources. Therefore, if the resources available to the nation change, the PPF shifts either outward or inward depending on whether there was an increase or decrease in the resources available to the nation, respectively. For example, if new technology is introduced, the resources available to the nation may increase, and this would cause the PPF to shift outward, enabling the nation to produce more goods and services than before.

The PPF Shifts If