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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.3
What does economic growth represent on the production possibilities curve?
A movement along the curve, indicating a change in the quantity of resources.
A shift to the left of the curve, indicating a decrease in production capacity.
A change in the slope of the curve, indicating increasing opportunity cost.
A shift to the right of the curve, indicating the ability to produce more of both goods.
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AP Microeconomics - 1.3 Production Possibilities Curve (PPC)
Key terms
Economic Growth
Production Possibilities Curve
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About Us
About Fiveable
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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