passwella.
Menu

WAEC Economics 2015 Question 3

Question 3

Basic Concepts

An outward shift of the production possibility curve shows that

  1. A.production is shifting to the right
  2. B.resources are underutilized.
  3. C.economic growth has taken place.
  4. D.factors of production are moving outward.
Show the answer and explanation

Answer: C (economic growth has taken place.)

Explanation

When the whole curve moves outward, the economy can produce more of both goods: economic growth.