23. in order to obtain economic growth, an economy must - move the production possibility curve outward keep…
23. in order to obtain economic growth, an economy must - move the production possibility curve outward keep opportunity costs constant over time centralize all of the factors of production increase scarcity in the factors of production clear all
Answer
Brief Explanations:
Economic growth is represented by an outward shift of the Production - Possibility Curve (PPC). This indicates an increase in the economy's ability to produce goods and services. Keeping opportunity costs constant doesn't lead to growth. Centralizing factors of production is a matter of economic organization and not a direct cause of growth. Increasing scarcity of factors of production would limit rather than promote growth.
Answer:
move the Production Possibility Curve outward