CUET Economics 2025 26 May Shift 2Micro > MediumWill shift to the left.No effect on the production possibilities curve.Downward movement along the same production possibilities curve.Upward movement along the same production possibilities curve.✅ Correct Option: 1Related questions:31 May Shift 1Choose the correct statements from the following. (A) The collection of all possible combinations of goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the production possibility frontier. (B) Slope of production possibility frontier is called marginal opportunity cost. (C) In positive economic analysis, we study how the different mechanisms function. (D) Scarcity of resources gives rise to the problem of choice.22 May Shift 1The scarcity of resources in the economy gives rise to the problem of............29 May Shift 2An institution which organizes the free interaction of individuals pursuing their respective economic activities, is known as...........