Which of the following would most likely shift the production possibilities curve inward? an increase in the number of hours fac

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3 years ago

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Which of the following would most likely shift the production possibilities curve inward? an increase in the number of hours fac

tories are in use a decrease in the average number of hours worked per week as the labor force chooses to enjoy more leisure time an increase in the production of capital goods technological progress

Business

1 answer:

cluponka [151] · Answer 1 · 2022-04-25T10:13:34+03:00

Answer: a decrease in the average number of hours worked per week as the labor force chooses to enjoy more leisure time.

Explanation:

The production possibilities curve (PPC) is simply a graph that shows every different combinations of output that an economy can produce while using its resources and technology.

An inward shift of the PPC means that there's reduction in the production level. The option that'll most likely shift the production possibilities curve inward us when there's a decrease in the average number of hours worked per week as the labor force chooses to enjoy more leisure time.