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ECONOMICS (do not guess!!!!)
Which statement is false?
A.
Land is the primary factor of production used in the production of all goods and services.
B.
An entrepreneur combines all the factors of production.
C.
Growth in the economy shifts the PPC left.
D.
An economy is efficient if it maximizes utilization of all the available scarce resources.

Respuesta :

Answer:

C. Growth in the economy shifts the PPC left.

Explanation:

PPC stands for production capability curve. It indicates the possibilities of goods that we can produce using the technology that we have at our disposal. PPC will increase if it goes to the right and will decrease if it goes to the left.

As the economy grow, the amount of technology invention in that country will also increased. This means that growth in economy will lead to a shift of PPC to the right.

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