2 Economic growth can be best thought of as A A shift out fo

2. Economic growth can be best thought of as: A. A shift out for the production possibilities frontier O B. A change in the types of goods a country makes O C. A shift in for the production possibilities frontier O D. A change in the prices of all goods

Solution

Solution: shift out for the production possibilities curve

Explanation: Economic growth means to produce more goods and services. The production possibility frontier (PPF) is a graph that depicts all maximum output possibilities for two goods that can be produced by an economy, given a set of inputs consisting of limited available resources. When it shifts out, previously unattainable quantities of goods and services can now be produced thus reflects economic growth