Question

A shift inward of the production possibilities curve signifies that _

A. The demand for the products has increased, so the supply will increase
B. The available resources have increased, so potential production levels will increase
C. The available production resources have decreased, so potential production levels will decrease
D. The demand for the products has decreased so, the supply will decrease

Answer 1

Answer:

c

Explanation:

Answer 2

A shift inward of the production possibilities curve signifies that: C. The available production resources have decreased, so potential production levels will decrease.

A production possibilities curve (PPC) is also referred to as production possibilities frontier (PPF) and it can be defined as a curve that illustrates the maximum (best) combinations of two (2) products which can be produce in an economy if they both depend on these two (2) main factors;

• Fixed technology.

• Fixed resources.

Basically, the production possibilities curve (PPC) illustrates the maximum combinations of goods that are available with fixed technology and resources.

Furthermore, an inward shift of the production possibilities curve (PPC) signifies that the available resources used for production have decreased, so potential production levels would also decrease.

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