Consider the production possibilities boundary (PPB)of an economy.Economic growth is illustrated by
A)the negative slope of the PPB.
B)an outward shift of the PPB.
C)a movement onto the PPB.
D)a movement along the PPB.
E)the movement to a point outside of the PPB.

Question

Quizplus · Accepted Answer

Economic growth is illustrated by an outward shift of the PPB, indicating an increase in the production possibilities of the economy. This can occur due to an increase in resources, technology, or productivity, among other factors.

Consider the Production Possibilities Boundary (PPB)of an Economy