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algol [13]
3 years ago
13

In the typical production possibilities model, a shift of the entire production possibilities curve is caused by a change in

Business
1 answer:
sergeinik [125]3 years ago
8 0

Answer:

the availability of scarce resources needed for production

Explanation:

The production possibilities frontier model - PPF shows how much an economy can produce of two different products typically showing production goods such as machinery and consumption goods as donuts, there is a tradeoff between the products along the curve and any point in which this trade off occur is efficient.  

The only ways to shift the curve outward or inward is by a change on technology that affect both of the goods, by trade, or <u><em>by the availability scarcity of the resources needed to produce. those goods </em></u>

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