Assuming that a society always operates on its production possibilities curve,an outward shift of the curve implies
A)economic growth has occurred.
B)the society is making more efficient use of its available resources.
C)consumer demand has increased.
D)the present value of capital resources has increaseD.

Question

Quizplus · Accepted Answer

An outward shift of the production possibilities curve indicates that the society is capable of producing more goods and services than before. This increase in production can only occur if there has been an increase in resources, technology, labor, etc. which implies economic growth.

Assuming That a Society Always Operates on Its Production Possibilities