In general, the more resources that are devoted to technological research, the
A) faster the PPF shifts outward.
B) greater is current consumption.
C) more the PPF will bow outward.
D) higher is the unemployment rate.

Question

Quizplus · Accepted Answer

The more resources that are devoted to technological research, the faster the PPF (production possibility frontier) shifts outward. This is because technological research leads to innovation and production efficiency, allowing for more goods and services to be produced with the same amount of resources or for the same amount of goods and services to be produced with fewer resources. Therefore, the economy can produce more and move along the PPF curve, shifting it outward.

In General, the More Resources That Are Devoted to Technological