Refer to the information provided in Figure 17.1 below to answer the questions that follow. Figure 17.1 -Refer to Figure 17.1.Which of the following causes the ppf to shift from ppf₂ to ppf₁? A)technological progress B)a decrease in capital stock C)an increase in the labor force D)an increase in per capita income

Question

Quizplus · Accepted Answer

A decrease in capital stock would cause the ppf to shift inward, as the economy has fewer resources to produce goods and services. The shift from ppf₂ to ppf₁ indicates that there has been a decrease in the economy's capital stock.

Refer to the Information Provided in Figure 17