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

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

Quizplus · Accepted Answer

The shift from ppf2 to ppf3 represents an increase in the production possibilities of the economy. This can be caused by technological progress, which allows for more efficient use of resources and increased productivity. Therefore, the correct answer is A) technological progress.

Refer to the Information Provided in Figure 17