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Question : If there is a technological degradation and/or decrease in resources with respect to both the goods, it is known as ________.

Option 1: Rightward shift in PPF

Option 2: Leftward shift in PPF

Option 3: Rotation on X axis

Option 4: Rotation on Y axis


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Leftward shift in PPF


Solution : Leftward shift in PPF refers to a decline in resource availability and/or technical advancement with regard to both products. Hence, the correct option is 2.

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