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#1 bob1

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Posted 31 March 2007 - 08:31 PM

I need help with this question:

Explain the significance of a shift to the right in a production possibility curve and suggest factors which could contribute to such a shift. [5 marks]

thanks

#2 Fraizer

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Posted 05 April 2007 - 08:07 AM

You know a shift of PPC to the right means economic growth, right?

That shows the resources of the said economy are being used efficiently hence increased productivity and output which would lead to that shift.

The factors could be anything, from investment in capital, the finding of new resources (raw material) or better training of workers... etc. Use your common sense!





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