Refer to the information provided in Figure 17.1 below to answer the questions that follow. Figure 17.1 -Refer to Figure 17.1.Which of the following causes the ppf to shift from ppf₂ to ppf₃? A)technological progress B)a decrease in capital stock C)a decrease in the labor force D)an increase in the population

Question

Quizplus · Accepted Answer

Technological progress causes an outward shift in the production possibility frontier (PPF) as it allows for more efficient use of resources and increased production possibilities. This is reflected in the shift from ppf₂ to ppf₃ in Figure 17.1.

Refer to the Information Provided in Figure 17