Improvements in technology will shift the production possibilities curve outward.
Correct Answer:
Verified
Q185: Without government, the "for whom" question could
Q186: The law of increasing opportunity cost results
Q187: A point inside the production possibilities curve
Q188: Production possibilities curves are bowed out away
Q189: List the three factors of production and
Q191: Money is considered to be a factor
Q192: Discuss and explain under what conditions government
Q193: Discuss and explain the rationale underlying the
Q194: The production possibilities curve shows various combinations
Q195: Draw a production possibilities curve showing military
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