Technological improvements will:
A) leave the production possibilities curve unchanged.
B) shift the production possibilities curve inward.
C) shift the production possibilities curve to outward.
D) necessarily lead to increased unemployment.

Question

Quizplus · Accepted Answer

Technological improvements will shift the production possibilities curve outward, meaning that the economy can produce more goods and services with the same amount of resources. This can lead to economic growth, higher standards of living, and increased employment opportunities.

Technological Improvements Will