An improvement in technology, all other things remaining constant, _____
A) will always result in a parallel shift of the production possibilities frontier.
B) will never result in a parallel shift of the production possibilities frontier.
C) will be indicated by a movement along the production possibilities frontier.
D) will shift the production possibilities frontier outward but not necessarily to a parallel position.
E) may not shift the production possibilities frontier.
Correct Answer:
Verified
Q140: Exhibit 2.4 Q141: An economic system _ Q142: Exhibit 2.5 Q143: The economic question of what will be Q144: A production possibilities frontier can shift outward Q146: Every economy must answer each of the Q147: An improvement in the technology used to Q148: The production possibilities frontier will shift if Q149: If dairy farmers use automatic milking machines Q150: Which of the following economic questions does
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A) must choose socialism
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