The PPC shifts left due to an epidemic and migration of skilled workers, indicating a decrease in production capacity. In contrast, the PPC shifts right with investments in education and infrastructure, signifying an increase in production capabilities. These shifts reflect changes in the economy's ability to produce based on various influencing factors.
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The PPC shifts left due to the epidemic and the migration of skilled workers, indicating a decrease in production capacity. In contrast, the PPC shifts right with investments in education and infrastructure development, signifying an increase in production capabilities. These shifts represent the economy's changing ability to produce goods based on different factors. ;
Epidemic: left (reduces labour force)
Worker migration: left (loss of skilled workers)
Business sponsorship: right (improves human capital)
Highway building: right (increases productive capacity) ;