jordenhenicks jordenhenicks

21-06-2024
Social Studies

Answered

If a production possibilities curve shifts outward, that is a sign of:

A. efficiency
B. inflation
C. development
D. economic growth

Answer :

GinnyAnswer GinnyAnswer

21-06-2024

Final answer:

An outward shift in a production possibilities curve signifies economic growth by allowing the economy to produce more goods and services.

Explanation:

Economic growth implies an outward shift in an economy's production possibilities curve. Increasing the quantity or quality of factors of production and/or improving technology will shift the curve outward, allowing the economy to produce more goods and services. This process is termed economic growth.

Learn more about Economic Growth and Production Possibilities Curve here:

https://brainly.com/question/10656745

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