An economy produces apples and oranges.The dashed line in the figure below represents the production possibilities curve of this economy.Suppose a productivity catalyst in the form of improved agricultural technology is introduced in the economy.In this case,the production possibilities curve will ________.
A) change to PPC 1
B) change to PPC 2
C) change to PPC 3
D) remain unchanged
Correct Answer:
Verified
Q110: The figure below shows production possibilities curves
Q111: The following figure represents various production possibilities
Q112: Which of the following represents a good
Q113: Iowa produces a small amount of wool
Q114: Which of the following statements is true
Q116: The following figure represents various production possibilities
Q117: Which of the following organizations keeps track
Q118: Which of the following is likely to
Q119: How are the following events likely to
Q120: An import is any good that is
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