English

The following change in PPC is due to:

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Question

The following change in PPC is due to:

The image shows a graph with Good X on the horizontal axis and Good Y on the vertical axis, featuring two downward-sloping curved indifference curves.

Options

  • Massive Unemployment

  • Destruction of Resources

  • Increase in Resources

  • Fuller Utilisation of Resources

MCQ
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Solution

Increase in Resources

Explanation:

The diagram shows a rightward/outward shift of the PPF, which occurs due to an increase in the economy's resources.

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Chapter 1: Introduction - OBJECTIVE QUESTIONS [Page 1.36]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 1 Introduction
OBJECTIVE QUESTIONS | Q 36. | Page 1.36
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