An increase in productivity as a result of a new technology would cause the production possibilities frontier to:
A) shift in.
B) shift out.
C) not move until society chooses to move it.
D) become more meaningful in policy decisions.

Question

Quizplus · Accepted Answer

An increase in productivity resulting from new technology would allow society to produce more goods and services with the same amount of resources, therefore shifting the production possibilities frontier outward.

An Increase in Productivity as a Result of a New