Figure 2-7

-Refer to Figure 2-7.The shift of the production possibilities frontier from A to B can best be described as

Name: Figure 2-7 -Refer to Figure 2-7.The shift of the production possibilities frontier from A to B can best be described as
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Question

Figure 2-7
 
-Refer to Figure 2-7.The shift of the production possibilities frontier from A to B can best be described as

Quizplus · Accepted Answer

The shift of the production possibilities frontier from A to B represents an increase in the economy's capacity to produce goods and services, which is commonly referred to as economic growth. Therefore, the correct answer is option B.

Figure 2-7 -Refer to Figure 2-7.The Shift of the Production Possibilities Frontier