Increases in resources or improvements in technology will tend to cause a society's production possibilities curve to:
A) shift inward to the left.
B) shift outward to the right.
C) remain unchanged.
D) become vertical.

Question

Quizplus · Accepted Answer

Increases in resources or improvements in technology will allow a society to produce more goods and services, thereby shifting the production possibilities curve outward to the right. This means that the society can now produce more of everything it previously produced, or produce old goods with less resources, or produce entirely new goods and services that were not possible before.

Increases in Resources or Improvements in Technology Will Tend to Cause