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Introduction

Question

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Which factors lead to a shift of the PPC?

Solution

Change in volume of available resources and change in given technology lead to a shift of PPC.

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?

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