Which of the following causes the production possibilities curve to shift to the right?

Question

Quizplus · Accepted Answer

The development of new technology that improves productivity allows for more efficient production of goods and services, thus increasing the potential output of an economy and shifting the production possibilities curve to the right. A famine, a war, and the depletion of oil reserves would all limit or decrease the potential output of an economy, shifting the production possibilities curve to the left.

Which of the Following Causes the Production Possibilities Curve to Shift