How is a technological advance that increases the productivity of all inputs best illustrated?
A) as a flattening of the production possibilities curve
B) as an outward shift of the production possibilities curve
C) as a movement along the production possibilities curve
D) as an inward shift of the production possibilities curve
Correct Answer:
Verified
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A)
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Q100: FIGURE 2-10 Q102: Which of the following would most likely Q103: Assume the economy moves from a situation Q104: Which of the following would NOT be Q105: Consider a production possibilities curve for an Q106: FIGURE 2-11
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