If a society's production possibilities frontier shifts to the right:

Question

Quizplus · Accepted Answer

When a society's production possibilities frontier shifts to the right, it means that the society can produce more goods and services than before with the same amount of resources. This allows the society to increase its standard of living by consuming more goods and services. Therefore, choice A is the best answer. Choice B is not necessarily true because the society can still choose the same mix of goods as before or a different mix. Choice C is also not necessarily true because the society can increase the production of all industries without decreasing that of others. Choice D is not true because the society can achieve the increase in production possibilities by improving the productivity of its resources rather than acquiring more resources.

If a Society's Production Possibilities Frontier Shifts to the Right