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

Question

Quizplus · Accepted Answer

Technological progress allows for more efficient production methods, leading to an increase in the quantity and quality of goods and services that can be produced. This results in the production possibilities frontier shifting outward from the origin.

Technological Progress Makes the Production Possibilities Frontier