The tradeoff between the production of different goods can change because of technological improvement over time.

Name: The tradeoff between the production of different goods can change because of technological improvement over time.
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Question

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Technological improvement can lead to an increase in efficiency and productivity in the production of certain goods, making it possible to produce more of them while sacrificing less of another good. This changes the tradeoff between the production of different goods.

The Tradeoff Between the Production of Different Goods Can Change