In the context of economic theory, the 'Production Possibility Frontier' shifts outward when there is:
A. Unemployment of resources
B. Economic growth due to increase in resources or technology
C. Decrease in the labour force
D. Inefficient allocation of resources
Answer: Option B
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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