Question

Has China's production possibilities curve been shifting outward or inward were the past $40$years? Explain your answer

Short answer

Every point along the curve is efficient; points shifting outward the curve are unobtainable or inefficient.

Step-by-step solution

Given Information

The assembly possibilities frontier model illustrates for a nation's leaders what goods to produce and what is to be given to the market.

Explore how shifts within the economy cause shifts within the assembly possibilities curve ofa country using real-world

Explanation

Given the actual fact that resources are scarce, we have got constraints, which is what the curve shows us. When the economy grows and each one other things remain constant, we are ready to produce more, so this may cause a shift within the assembly possibilities curve outward, or to the correct. is that if market would to say no, the curve would obviously shift to the left. When the curve shifts outward, or to the right, meaning output is increasing.