When a country's production possibilities frontier shifts outward over time,the country is experiencing

Question

Quizplus · Accepted Answer

When a country's production possibilities frontier shifts outward over time, it means that the country can produce more goods and services using the same amount of resources or produce the same amount of goods and services using fewer resources. This improvement in productivity and efficiency is known as economic growth. Therefore, the correct answer is E.

When a Country's Production Possibilities Frontier Shifts Outward Over Time,the