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17 June, 13:43

The faster economic growth is, the A. farther the production possibilities curve shifts out. B. steeper the slope of the production possibilities curve. C. closer to the origin the production possibilities curve becomes. D. more bowed the production possibilities curve becomes.

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  1. 17 June, 17:32
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    The correct answer is option A.

    Explanation:

    A production possibility curve shows the maximum possible combination of two goods that can be produced using all the available resources and state of technology.

    An increase in economic growth causes the production possibility curve to shift to the right. The faster the economic growth the more the economy will be able to produce. So the farther the production possibilities curve will shift out.
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Home » Business » The faster economic growth is, the A. farther the production possibilities curve shifts out. B. steeper the slope of the production possibilities curve. C. closer to the origin the production possibilities curve becomes. D.
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