In the context of economic theory, the 'Production Possibility Frontier' shifts outward when there is:
A. Economic growth due to increase in resources or technology
B. Inefficient allocation of resources
C. Decrease in the labour force
D. Unemployment of resources
Answer: Option A
Solution (By JKSSB Mock Tests)
An outward shift of the PPF indicates economic growth, which can result from an increase in the quantity or quality of resources or from technological progress.
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