Practice question · Select all that apply
Which events shift the entire PPF outward?
Hints
- The frontier is set by resources and technology alone.
- Picking a different point on it is preference, not growth.
Show the answer
- A. A rise in the labor force
- B. A technology that raises productivity in all sectors
- D. Discovery of a major resource deposit
Why
Resources and technology define the frontier; choosing a different point on it is preference, not growth.
Practise The Production Possibilities Frontier
The app has 7 more questions on this lesson, and keeps your place in the course. Business I is free to start.
More questions on The Production Possibilities Frontier
- Along an economy’s PPF: at 10 units of food, one more food costs 1 tool; at 50 units, it costs 3 tools; the…
- Order this economy’s journey on its PPF diagram.
- Sort each event by what it does to a nation’s PPF.
- A PPF is drawn bowed outward rather than as a straight line. What real fact about resources does the…
- Match each PPF position to its economic meaning.