Production possibility curve Flashcards

1
Q

Shift

A

A shift in the ppc i when there’s a change in the country’s resources that cause the amount of two goods that are produced to change..

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2
Q

Pivot

A

A pivot is when one product in the ppc increase or decrease due to changes in the country.

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3
Q

Factors that could cause a shift in the ppc

A
Economic growth, 
Discovery of new natural resources, 
Growth population, 
Technical progress, 
Improvement in labour production
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