If a society's production possibilities frontier shifts to the right, the society's standard of living will likely increase.

Question

Quizplus · Accepted Answer

When a society's production possibilities frontier shifts to the right, it means that the society is now capable of producing more goods and services than before. This increase in productivity allows for an increase in the standard of living as people have access to more goods and services. Therefore, the statement is true.

If a Society's Production Possibilities Frontier Shifts to the Right