An outward shift in the entire production possibilities frontier
A)represents economic decline.
B)means that previous levels of production are now unobtainable.
C)means that the only way the economy can increase the production of one good is by producing less of an alternative good.
D)represents economic growth.

Question

Quizplus · Accepted Answer

An outward shift in the entire production possibilities frontier represents economic growth, as it signifies an increase in the economy's production capacity and potential. This means that more goods and services can be produced with the same resources, which can lead to higher standards of living and economic prosperity.

An Outward Shift in the Entire Production Possibilities Frontier