A technological advance would best be represented by
A) A shift outward of the production possibilities curve.
B) A shift inward of the production possibilities curve.
C) A movement from inside the production possibilities curve to a point on the production possibilities curve.
D) A movement from the production possibilities curve to a point inside the production possibilities curve.
Correct Answer:
Verified
Q28: If an economy experiences constant opportunity costs
Q29: Which of the following is true when
Q30: Economic growth would best be represented by
Q31: Which of the following will cause the
Q32: If North Korea is currently producing at
Q34: According to the law of increasing opportunity
Q35: When an economy is producing efficiently,it is
A)Producing
Q36: If the United States decides to convert
Q37: According to the law of increasing opportunity
Q38: The production possibilities curve illustrates which two
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents