Refer to the information provided in Figure 31.1 below to answer the question(s) that follow. Figure 31.1 -Refer to Figure 31.1. Which of the following causes the ppf to shift from ppf₂ to ppf₃? A) technological progress B) a decrease in capital stock C) a decrease in the labor force D) an increase in the population

Question

Quizplus · Accepted Answer

Technological progress allows for more efficient production, leading to an increase in the economy's productive capacity, which is reflected in the outward shift of the PPF curve.

Refer to the Information Provided in Figure 31