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When the production possibility curve shifts outwards, the economy experiences

Economics
WAEC 2020

When the production possibility curve shifts outwards, the economy experiences

  • A. growth
  • B. over-production
  • C. inefficient use of resources
  • D. under-production
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Correct Answer: Option A
Explanation

When the curve shifts outward, or to the right, that means output is increasing. 

Shifts in the Production Possibilities Curve - Video & Lesson Transcript | Study.com

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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