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

Question

Quizplus · Accepted Answer

Technological progress allows for more efficient production, enabling an economy to produce more goods and services with the same amount of resources, which shifts the production possibilities frontier outward from the origin.

Technological Progress Makes the Production Possibilities Frontier