Figure 11-3
-Refer to Figure 11-3.Technological change is shown in the figure above by the movement from
A)B to C.
B)B to D.
C)B to E.
D)B to A.

Question

Figure 11-3 
-Refer to Figure 11-3.Technological change is shown in the figure above by the movement from
A)B to C. 
B)B to D. 
C)B to E. 
D)B to A.

Quizplus · Accepted Answer

Technological change typically results in an increase in productivity, allowing more output to be produced from the same amount of inputs. In the context of a production possibilities frontier (PPF), this is represented by an outward shift of the curve. The movement from B to E indicates an increase in the potential output of both goods, which is consistent with technological advancement.

Figure 11-3 -Refer to Figure 11-3.Technological Change Is Shown in the Figure