Technological progress makes the production possibilities frontier
A) shift inward toward the origin.
B) shift outward from the origin.
C) become less linear and more bowed.
D) become more linear and less bowed.

Question

Quizplus · Accepted Answer

Technological progress allows for more efficient production and the ability to produce more with the same resources. This results in a shift of the production possibilities frontier outward from the origin, indicating a higher level of potential output for the economy.

Technological Progress Makes the Production Possibilities Frontier