An improvement in technology
A) will always result in a parallel shift of the production possibilities frontier
B) will never result in a parallel shift of the production possibilities frontier
C) will be indicated as a movement along the production possibilities frontier
D) will shift the production possibilities frontier outward but not necessarily to a parallel position
E) may not shift the production possibilities frontier
Correct Answer:
Verified
Q139: If the production possibilities curve is a
Q140: The law of increasing opportunity cost explains
Q141: The production possibilities frontier represents all desirable
Q142: Exhibit 2-8 Q143: An outward shift of the production possibilities Q145: The production possibilities frontier can be used Q146: Which of the following cannot be determined Q147: A production possibilities frontier will shift outward Q148: Increases in resources or improvements in technology Q149: The production possibilities frontier will shift if![]()
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