Multiple Choice
Exhibit

-Refer to Exhibit. Assuming that the production possibilities curve extends out farther as indicated above due to technological change, which of the following observations is correct?
A) There is a technological advance in food production but not in housing production.
B) There is a technological advance in housing production but not in food production.
C) There is a technological advance in both housing and food production.
D) none of the above
Correct Answer:
Verified
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