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When a prodadion possibility curvo-shifts outwardsitt indraties a) A decroase in resources b) A decrease in technology d) Economic growth d) Economic recession

Ask by Burns Mckenzie. in South Africa
Mar 19,2025

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An outward shift in the production possibility curve indicates economic growth.

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When a production possibility curve shifts outward, it indicates economic growth! This shift happens when there's an increase in resources, improvements in technology, or both. It means the economy can produce more goods and services than before, which is always a positive sign for growth and prosperity. In practical terms, this outward shift could be seen when a country discovers new natural resources, invests in education to enhance labor productivity, or adopts innovative technologies that make production processes more efficient. It's like upgrading your smartphone to access a whole new level of apps and features—exciting possibilities await!

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