An improvement in the technology used to produce goods would _____
A) enable an economy to produce outside its original production possibilities frontier.
B) enable an economy to move along its original production possibilities frontier.
C) eliminate scarcity, and the production possibilities frontier would no longer exist.
D) have no effect on the production possibilities frontier.
E) change the production possibilities frontier to a line with a positive slope.
Correct Answer:
Verified
Q142: Exhibit 2.5 Q143: The economic question of what will be Q144: A production possibilities frontier can shift outward Q145: An improvement in technology, all other things Q146: Every economy must answer each of the Q148: The production possibilities frontier will shift if Q149: If dairy farmers use automatic milking machines Q150: Which of the following economic questions does Q151: The production possibilities frontier of an economy Q152: Exhibit 2.6
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