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Introduction
Question
Can the PP curve shift?
Solution
Yes, the PP curve can shift if there is change in resources and technology (i.e. the two determinants of PP curve). In fact PP curve does not remain stationary because every economy tries to increase its productive capacity resulting in rightward (upward) shift of PP curve.
Some More Questions From Introduction Chapter
Can the PP curve shift?
State factors which cause rightward (upward) shift of PP curve.
How is PPC affected by unemployment in the economy? Explain.
Massive unemployment shifts the PPC to the left. Defend or refute.
What is meant by resources?
What do you understand by the term 'individual' in economics?
What is meant by goods?
Define services.
What is meant by commodities?
What is meant by an economy?
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Mock Test Series
Mock Test Series