An outward shift of a nation's production possibilities frontier represents
A)economic growth.
B)rising prices of the two goods on the production possibilities frontier model.
C)an impossible situation.
D)a situation in which a country produces more of one good and less of another.

Question

Quizplus · Accepted Answer

An outward shift of a nation's production possibilities frontier (PPF) represents economic growth, as it indicates an increase in the potential production of goods and services in the economy. This can be due to factors such as technological advancements, increased capital inputs, and expansion of the labor force. The other options are not correct as they do not accurately describe the concept of a PPF shift.

An Outward Shift of a Nation's Production Possibilities Frontier Represents