Question

‘There has been establishment of educational institutes for skill development of Human resources’. It will lead to following change in Production Possibility Curve (PPC) ______.

Options

• Rightward shift in PPC

• Leftward Shift in PPC

• Rotation of PPC

• None of these

Answer 1

‘There has been establishment of educational institutes for skill development of Human resources’. It will lead to following change in Production Possibility Curve (PPC) Rightward shift in PPC.

Explanation:

Skill development improves the quality and productivity of human resources, increasing the economy’s productive capacity. Since this raises the capacity to produce goods, the PPC shifts rightward.