Advances in technology will move a production possibility curve outwards and to the right.
Correct Answer:
Verified
Q80: A study of how the changes in
Q81: Scarcity occurs because incomes are not allocated
Q82: The circular flow model relates to macroeconomics
Q83: The human resource labour refers to physical
Q84: The 'how' question refers to the combination
Q86: In perfectly competitive markets, a firm can
Q87: Purchasing goods and services is termed production
Q88: A price taker in economics refers to
Q89: The total amount of output in the
Q90: In a mixed economy the allocation of
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