Macroeconomics: Principles, Problems, & Policies 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0-07766-077-3
ISBN 13: 978-0-07766-077-2

Chapter 1 - Limits, Alternatives and Choices - Review Questions: 6

Answer

a) PPF shifts outwards to the right b) PPF shifts outwards to the right c) PPF will shift to the right for the good that is dependent on copper d) PPF shifts inwards to the left

Work Step by Step

Whenever production will increase, the PPF shifts to the right. By contrast, if production is damaged, the PPF shifts to the left. A shift to the right indicates that more goods and services can be attained, and vice versa.
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