Which of the following is an effect of economic growth on the production possibilities curve?
A)An outward shift of the curve
B)A downward movement along the curve
C)An upward movement along the curve
D)An inward shift of the curve

Question

Quizplus · Accepted Answer

Economic growth leads to an increase in available resources, advancements in technology, and increased efficiency in production. These factors allow for an economy to produce more goods and services at any given level of resources. As a result, the production possibilities curve shifts outward, indicating an increase in the potential level of output.

Which of the Following Is an Effect of Economic Growth