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For More Banking System MCQ (GK Set-1) with AnswersClick Here Which of the following will not shift a country's production possibility frontier outward?Reduction in the labour unemployment rate will not result in a rightward shift of the production possibility frontier as supply of resources and technology is constant and only the supply of labour will be increased which indicates that according to law of variable proportion, the production will initially rise but ...
What shifts the production possibilities frontier outward?A PPF shifts outward when the production of both goods can be increased without reducing/decreasing the production of any good. This can be due to technological change, capital accumulation, or increased population.
What causes the production possibilities curve not to shift outward?Outward or inward shifts in the PPF can be driven by changes in the total amount of available production factors or by advancements in technology. If the total amount of production factors like labor or capital increases, then the economy is able to produce more goods at any point along the frontier.
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Which of the following will not shift the production possibility frontier outward?
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