Technological progress shifts the production possibility curve away from the origin.

Name: Technological progress shifts the production possibility curve away from the origin.
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Question

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Technological progress leads to an increase in productivity and efficiency, allowing for more goods and services to be produced with the same amount of resources. As a result, the production possibility curve shifts outward and away from the origin, indicating the ability to produce more of both goods.

Technological Progress Shifts the Production Possibility Curve Away from the Origin